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A couple finances a house valued at $150,000. The monthly principal and interest payment has been determined to be $599.32. Tax...Asked by james
A couple finances a house valued at $150,000. The monthly principal and interest payment has been determined to be $599.32. Taxes on the property are estimated to be $621 per year. Insurance on the property is projected to cost $685 per year.
The monthly PITI payment is: $ 1
The monthly PITI payment is: $ 1
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Answered by
MathMate
PITI means Principal, interest, taxes and insurance.
Add up the items, and you have the PITI payment.
Add up the items, and you have the PITI payment.
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