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In many cases, lenders allow homeowners to include their homeowners insurance premium with their monthly mortgage payment. tim’s home is worth $279,500. if his homeowners insurance premium is $0.33 per $100, how much is added to his monthly mortgage payment for insurance? a. $7.69 b. $76.86 c. $92.35 d. $922.35 please select the best answer from the choices provided a b c d

Sagot :

jayilych4real

The amount that is added to his monthly mortgage payment for insurance is b. $76.86.

What is a Mortgage?

This refers to the amount of money that is paid for the downpayment for a piece of property.

Given that the worth of the home is $279,000

premium is $0.33 per $100.

1 month premium on $1 is $0.0275/100

Now, one month's premium is calculated as:

$0.0275/100 * 279,000

=$76.86

Read more about mortgages here:

https://brainly.com/question/26654897

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