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MATH

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 ??

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DANIEL

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