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House #2- $196,000 Tax Rate: 0.999% Yearly Insurance Premium: $1296 Assume you secure a loan for the full asking price at a bank with a

House #2- $196,000 Tax Rate: 0.999% Yearly Insurance Premium: $1296

Assume you secure a loan for the full asking price at a bank with a rate of 4.5% and a 30 yr term.

What is the monthly mortgage payment?

At the end of the 30 years, how much will you have paid for the house?

What will your monthly insurance payment be?

What will your YEARLY tax amount be? Assume the tax is based on asking price.

What will your monthly tax payment be?

What will your total monthly payment be (mortgage+insurance+tax)?

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