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Please assist Julliet and Hammond are a married filing jointly couple. They paid $1 million dollars with a $200,000 down payment. They have a 30
Please assist
Julliet and Hammond are a married filing jointly couple.
They paid $1 million dollars with a $200,000 down payment. They have a 30 year fixed loan with 4.25% interest rate. Each month they pay $3,935.52. They were given the following loan amortization schedule on their purchase date (see attached Amortization Schedule). They have $725/month in property taxes, $150/month in homeowner association dues, and $250/month in homeowner insurance.
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