Darren is purchasing a home for $973000. He makes 25% down payment and obtains a 20 year fixed rate mortgage loan at 8% annual interest. His monthly payments are $6103.92. He pays an antangible tax of 0.7%. Which of the following is the total cost of principal, interest, down payment, and intangible tax?
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Home » Mathematics » Darren is purchasing a home for $973000. He makes 25% down payment and obtains a 20 year fixed rate mortgage loan at 8% annual interest. His monthly payments are $6103.92. He pays an antangible tax of 0.7%.