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Calculate the total payment on the following piggyback loan not including escrows. First Mortgage of 600k with an interest rate of 4% and a 30
Calculate the total payment on the following piggyback loan not including escrows. First Mortgage of 600k with an interest rate of 4% and a 30 year term. The junior debt is a 100k HELOC with a rate of 8% and a 20 year life.
A. $2864
B. $3329
C. $2892
D. $3531
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