Aaron and Cienna are considering buying a house for $175,000. They would make a $10,000 down payment, and borrow the rest with a 30-year fixed mortgage at 7.45%. Annual property taxes would be $5,700, and homeowners’ insurance would be $935. They would also need to pay $84.00 monthly for PMI. What would their total monthly payment (PITI) be?

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17-06-2024
Mathematics

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Aaron and Cienna are considering buying a house for $175,000. They would make a $10,000 down payment, and borrow the rest with a 30-year fixed mortgage at 7.45%. Annual property taxes would be $5,700, and homeowners’ insurance would be $935. They would also need to pay $84.00 monthly for PMI. What would their total monthly payment (PITI) be?

Sagot :

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