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I ' m buying a condo and need to get a mortgage. You are a Mortgage Originator and have offered the following. The sales price

'

m buying a condo and need to get a mortgage. You are a Mortgage Originator and have offered the following.

The sales price of the condo is $

550, 000

downpayment will be $

1.00, 000 .

finance the closing costs of $

14, 500 .

The interest rate will be

6.625 .

The term will be

20

years

Calculate the Mortgage Payment

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