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Assume the following: Closing costs (including all potential loan origination, title, and closing fees) are $3,500. You have been approved for a 30-year fixed-rate mortgage

Assume the following: Closing costs (including all potential loan origination, title, and closing fees) are $3,500. You have been approved for a 30-year fixed-rate mortgage note at a rate of 5.0%. Calculate the monthly payment for this loan. (It is recommended that you show your calculation.) Other key points: Price of the house $90,000 down payment $18,000 (20%). Price of loan after down payment $75,500 (if you add the 3500) PLease show step by step work

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