Rick Rueta purchased a $76,000 home at 7.5% for 30 years with a down payment of $25,000. His annual real estate tax is $1,680 along with an annual insurance premium of $840. Rick’s bank requires that...

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Rick Rueta purchased a $76,000 home at 7.5% for 30 years with a down payment of $25,000. His annual real estate tax is $1,680 along with an annual insurance premium of $840. Rick’s bank requires that his monthly payment include an escrow deposit for the tax and insurance. What is the total payment each month for Rick?
Answered Same DayJan 02, 2022

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David answered on Jan 02 2022
35 Votes
Question;
Rick Rueta purchased a $76,000 home at 7.5% for 30 years with a down payment of $25,000. His annual
eal estate tax is $1,680 along with an annual insurance premium of $840. Rick’s bank requires that his
monthly payment include an escrow deposit for the tax and insurance. What is the total...
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