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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 $ fixedrate mortgage and the given information.
a Monthly mortgage paymentprincipal and interest
b Monthly house paymentincluding property taxes and insurance
c Initial monthly interest
d Income tax deductible portion of initial house payment
e Net initial monthly cost for the homeconsidering tax savings
Term of Mortgage
Interest Rate
Annual Property Tax
Annual Insurance
Owners Income Tax Bracket
years
$
$
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