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You want to buy a $ 1 7 8 , 0 0 0 home. You plan to take out a 3 0 year loan at
You want to buy a $ home. You plan to take out a year loan at interest for the rest. You will also need to put $ a year in taxes and $ a year in insurance into the escrow account.
a What will your monthly payments be
$
b Amortize the first month's payment by filling in the first row of the amortization schedule table.
tableMonthInterest Payment,Principal Payment,Loan Balance
c How much total interest will you pay?
$
d How much will be pay in taxes and insurance to the escrow account each month?
$
e How much is your total monthly payment PITI
$
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