The Bainters purchase the $150,000.00 home with a 20%
down payment, a 30-year mortgage, and an interest rate of 4.2%. Annual property taxes are $1920.00. Home insurance is $750.00 per year, which is to be placed into an escrow account.
What is the total first-year cost when renting the home?
11,400.00
900.00
11,200.00
10,800.00
Please Help!!
I have the total cost of payments being 809.32 plus the monthly payment p&i 586.82 Im not sure how to solve for the total first year cost ??
1 answer