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Travis is purchasing a $225,000 home with a 30-year mortgage at 5.15% Because he is not making a down payment, PMI in the amount of

Travis is purchasing a $225,000 home with a 30-year mortgage at 5.15% Because he is not making a down payment, PMI in the amount of $84.50/mont is required for the first 2 years of the loan .



What is the total cost of this loan?

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