Real Estate Math
A buyer's monthly principal and interest payment is $1,450. Annual property taxes are $3,600 and homeowner's insurance is $1,200. What is the total monthly PITI payment?
A$1,450
B$1,750
C$1,850✓ Correct
D$2,050
Explanation
Monthly taxes = $3,600 ÷ 12 = $300. Monthly insurance = $1,200 ÷ 12 = $100. PITI = $1,450 + $300 + $100 = $1,850. The
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