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Suppose you are buying your first house for $350,000.00 and are making a 20% down payment. You have arranged to finance the remaining amount with

Suppose you are buying your first house for $350,000.00 and are making a 20% down payment. You have arranged to finance the remaining amount with a 30-year monthly payment amortized mortgage at a 5.75% nominal interest rate. What will your monthly payments be?

What is the estimated payoff on the mortgage question above after you have made monthly payments for 10 years?

What is the first 12 months of mortgage interest that you can deduct from your income   taxes according to IRS?

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