Question: Ken Buckmiller's home recently appraised at $ 2 9 3 , 0 0 0 . His mortgage was for $ 2 7 8 , 0

Ken Buckmiller's home recently appraised at $293,000. His mortgage was for $278,000 at 5% for 30 years with PMI of $259.17 per month. What is his monthly payment plus PMI? His mortgage balance is currently $178.100. Has he reached his 20% equity?

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