Posted by **Olivia** on Sunday, June 10, 2012 at 6:42pm.

A buyer is paying a reduced $500 in closing costs on a home with a sale price of $95,000 in the state of Bath, Maine. If the buyer obtains an FHA loan, what would be the monthly payment if the loan is at 9 percent for 10 years? (State your answer to the nearest dollar, i.e. 95).

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