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Find the following for a $ 2 0 0 , 0 0 0 fixed - rate mortgage and the given information. a ) Monthly mortgage

Find the following for a $200,000 fixed-rate mortgage and the given information.
a) Monthly mortgage payment(principal and interest)
b) Monthly house payment(including property taxes and insurance)
c) Initial monthly interest
d) Income tax deductible portion of initial house payment
e) Net initial monthly cost for the home(considering tax savings)
Term of Mortgage
Interest Rate
Annual Property Tax
Annual Insurance
Owner's Income Tax Bracket
20 years
7%
$792
$ 612
30%

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