Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

You buy a house for $299,00. If you make a 20% down payment, how much would you pay in total per month for the 30 year loan if you pay $3200/year in taxes, $1050/year in insurance and $28/month forthe home owners association?

Sagot :

Charlene calculated that the monthly patyment, including interests is $ 692.88.

Taxes = $ 3,200 annually, if we divide it by 12, we will find the monthly amount, this way:

3,200/12 = $ 266.67

Insurance = $ 1,050 annually, if we divide it by 12, we will find the monthly amount, this way:

1,,050/12 = $ 87.50

Home owners association = $ 28

Therefore, the monthly payment would be:

692.88 + 266.67 + 87.50 + 28

You can finish the calculation, Charlene!

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.