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The price for a home is $161,000. The banks requires a 20% down payment and three points at the time of the closing. The cost

The price for a home is $161,000. The banks requires a 20% down payment and three points at the time of the closing. The cost of the home is financed with a 30year fixed rate mortgage at 9.5%. Find the monthly payment excluding escrowed taxes and mortgage insurance

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