To solve this problem and find the amounts Demarco and Tanya need to anticipate paying initially on principal and interest, as well as the total monthly amount including insurance and tax payments, let's break down the given data:
1. Initial Monthly Payment:
According to the provided chart, the initial monthly payment on principal and interest for Demarco and Tanya is [tex]$811.61.
Therefore, the initial monthly payment they should anticipate is:
\[
\$[/tex] 811.61
\]
2. Insurance and Tax Payments:
It is mentioned that they should budget [tex]$400 for insurance and tax payments.
3. Total Monthly Payment:
To find the total monthly payment, we need to sum the initial monthly payment and the insurance and tax payments. Using the given data:
\[
\text{Total Monthly Payment} = \text{Initial Monthly Payment} + \text{Insurance and Tax Payments}
\]
Substituting the known values:
\[
\text{Total Monthly Payment} = 811.61 + 400
\]
Therefore, the total monthly payment they should anticipate is:
\[
\$[/tex] 1211.61
\]
In conclusion:
- The initial monthly payment on principal and interest is: [tex]\[ \boxed{811.61} \][/tex]
- The total amount they should anticipate paying monthly, including insurance and tax payments, is: [tex]\[ \boxed{1211.61} \][/tex]
