Real Estate Math
A Hawaii buyer's monthly principal and interest payment is $3,200. Annual property taxes are $4,800 and homeowner's insurance is $2,400. What is the total monthly PITI payment?
AA. $3,200
BB. $3,800✓ Correct
CC. $4,000
DD. $3,600
Explanation
Monthly taxes: $4,800/12 = $400. Monthly insurance: $2,400/12 = $200.
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