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Lenny has a home that appraises for $500K. The original mortgage was $400K for 20 years @ 3% interest. He also owes $3,600 per year

Lenny has a home that appraises for $500K. The original mortgage was $400K for 20 years @ 3% interest. He also owes $3,600 per year in property taxes, $120/month in PMI, $600/year in homeowners insurance and has a HOA fee of $200/month. How much is his total annual housing expense?

A.$2,888.39

B.$34,660.68

C.$2,218.39

D.$27,290.68

E.$26,620.68

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