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Use the following information to determine the monthly mortgage amount to purchase a home. 342,700 home 55,200 down payment 500 per month for estimated combined

Use the following information to determine the monthly mortgage amount to purchase a home.

342,700 home

55,200 down payment

500 per month for estimated combined property taxes and insurance

5 percent interest rate for 30 years

No other Costs

What would be their total mortgage amount?

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