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April 26, 2015

Homework Help: finance mortgage payment

Posted by allen on Sunday, November 21, 2010 at 7:25pm.

Purchase a home for $160,000. I intend to put down 20% and finance the remainder over 15 years at 6 3/8% interest. If my taxes & insurance totals $3,600 per year, how much will my total monthly payment be?

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