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Ben and Carla Manchester plan to buy a condominium. They will obtain a $244,000, 25-year mortgage at 75 percent. Their annual property taxes are expected

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Ben and Carla Manchester plan to buy a condominium. They will obtain a $244,000, 25-year mortgage at 75 percent. Their annual property taxes are expected to be $2.112. Property Insurance is $660 a year, and the condo association fee is $225 a month. Based on these items, determine the total monthly housing payment for the Manchesters. Use Exhibit 9.9. (Round time value factor to 2 decimal places and final answer to the nearest whole number.) Answer is complete but not entirely correct. Total monthly housing payment $ 2,286

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