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Let's purchae a house valued at $225,000 by making a 10% down payment and financing the rest with a 30 year loan at 7%. The

Let's purchae a house valued at $225,000 by making a 10% down payment and financing the rest with a 30 year loan at 7%. The yearly homeowner's insurance is $600, and the property tax will be 1.5% (of the property value) a year. We'll be paying for this every month too. What will our total monthly payments, including principal, interest, taxes and insurance?

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