Question

What is the total monthly payment for this mortgage? Principal Per Month $750 Interest Per Month $120 Property Tax Per Year 0.5 percent of the value of the house ($140,000) Home Insurance Per Year $460 PMI Per Month $45 $1,510 $1,011.66 $1,760 $990

Answer 1

Its $1,011.66. .5% of 140000 is 700, you have to divide by 12 to get tax for one month. which is 58.333. same with home insurance 460/12 which is 38.33. let's add them. 750+120+58.33+38.33+45= 1011.66.