Real Estate Math
A Hawaii buyer pays $650,000 for a property. First year insurance is $2,800, property taxes are $3,600, and the 30-year mortgage payment is $3,900/month. What is the monthly PITI?
A$4,433.33✓ Correct
BB. $4,283.33
CC. $4,150.00
DD. $4,233.33
Explanation
Monthly taxes = $3,600 / 12 = $300. Monthly insurance = $2,800 / 12 = $233.
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