You purchase a house at $331,250 and pay 20% down. The 15-year mortgage is fixed- rate 6.25% annually. In addition to the principle and interest paid, you must pay 0.1% of the house purchasing price per month into an escrow account for insurance and taxes. What is the total monthly payment (to the nearest dollar) ?
A) a $2,272
B) b $2,603
C) c $2,557
D) d $2,707
Correct Answer:
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