Real Estate Math
A Louisiana borrower pays $1,950 per month on their mortgage (P&I only). They also pay $250/month for property taxes and $175/month for homeowner's insurance. What is the total monthly PITI?
A$2,175
B$2,375✓ Correct
C$2,325
D$2,200
Explanation
PITI = $1,950 + $250 + $175 = $2,375. Using the values given ($1,950, $250), apply the appropriate formula..
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