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The pattel family purchased a home and took out a mortgage. Piti payment of the loan?
The Pattel family recently purchased a home, taking out a mortgage of $235,000 at 8 3/4% for 25 years. The annual property taxes on the home are $6,345, and the annual hazard insurance premium is $1,479. What is the PITI payment for their loan?
A. $2,729.40
B. $2,586.05
C. $1,849.45
D. $652.00
I tried the mortgage calculator, and it is not working.
thank you for the help!!
B. $1932 principal and interest monthly payment + 528.75 month tax &123.25 home owners insurance.
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