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Suppose you take out a 30-year mortgage for a house that costs $292710. Assume the following: The annual interest rate on the mortgage is 3.2%. . The bank requires a minimum down payment of 10% at the time of the loan The annual property tax is 2.2% of the cost of the house. The annual homeowners insurance is 1.1% of the cost of the house. There is no PMI · If you make the minimum down payment, what will your monthly PITI be? Round your answer to the nearest dollar.

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. ontgage ansunt =$292,710 Tann in yecrs3o years i.e 36o months n-terest att31 annual home insurance1 23, 16) 320 64 40 Payne

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