Question
Rick Rueta purchased a $83,000 home at 8.5% for 30 years with a down payment of $15,000. His annual real estate tax is $1,764 along
Rick Rueta purchased a $83,000 home at 8.5% for 30 years with a down payment of $15,000. His annual real estate tax is $1,764 along with an annual insurance premium of $924. Ricks bank requires that his monthly payment include an escrow deposit for the tax and insurance. What is the total payment each month for Rick?
Total monthly payment? $
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Financial Management For Farmers And Rural Managers
Authors: Martyn Warren
4th Edition
0632048719, 9780632048717
