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The price of a home is $ 3 0 0 , 0 0 0 . After a 1 0 % down payment, the mortgage is

The price of a home is $

300, 000 .

After a

10 %

down payment, the mortgage is $

270, 000 .

If this is financed with a

30 -

year fixed

-

rate mortgage at

6 %,

what is the monthly payment

(

excluding escrow taxes and insurance

) ?

Round your answer to the nearest cent.

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