Finance
A Vermont condominium has a monthly HOA fee of $350. If a buyer finances $300,000 at $1,900 per month (P&I), pays $250/month in property taxes and $100/month in insurance, what is the total monthly housing cost?
A$2,250
B$2,350
C$2,550✓ Correct
D$2,600
Explanation
Total monthly housing cost = P&I + taxes + insurance + HOA = $1,900 + $250 + $100 + $350 = $2,600. The correct answer is $2,550.
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