The pattel family purchased a home and took out a mortgage. Piti payment of the loan?
The Pattel family recently purchased a home, taking out a mortgage of $ 235,000 at 8 3/4% for 25 years. The annual property taxes on the home are $ 6,345, and the annual hazard insurance premium is $ 1,479. What is the PITI payment for their loan?
A. $ 2,729.40
B. $ 2,586.05
C. $ 1,849.45
D. $ 652.00
I tried the mortgage calculator, and it is not working.
thank you for the help!!