Asked by alisha
The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8½%
for 25 years. Excluding taxes and insurance, what is the monthly PITI payment of their loan?
for 25 years. Excluding taxes and insurance, what is the monthly PITI payment of their loan?
Answers
Answered by
PsyDAG
Although you give the principal and interest data, we have no estimate of the taxes and insurance.