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John and Marsha are buying their first home. It has three bedrooms, two baths, and a two car garage. The total cost is $266,500.

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John and Marsha are buying their first home. It has three bedrooms, two baths, and a two car garage. The total cost is $266,500. They have $35,000 for the down payments. They can finance the difference through their local credit union with a 30 year loan at 3.95%. What will their monthly payment be?

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