Real Estate Math
A Hawaii buyer purchases a condo for $520,000. HOA fees are $850/month, property taxes are $3,240/year, and the mortgage payment is $2,800/month. What is the total monthly housing cost?
AA. $3,920✓ Correct
BB. $3,650
CC. $3,920
DD. $4,150
Explanation
Monthly mortgage: $2,800. HOA fees: $850.
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