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Rick Rueta purchased a $95,000 home at 7.5% for 30 years with a down payment of $25,000. His annual real estate tax is $1,860 along
Rick Rueta purchased a $95,000 home at 7.5% for 30 years with a down payment of $25,000. His annual real estate tax is $1,860 along with an annual insurance premium of $1,020. 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?
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