Mathematics

Phillips

Yesterday, 13:29

Keith is purchasing a $215,000 home with a 30-year mortgage at 5.5%. Because he is not making a down payment, PMI in the amount of $93.50/month is required for the first 2 years of the loan. Based on this information, what is the total cost of this loan?

A. $452,092.10

B. $444,923.03

C. $441,714.00

D. $421,369.20

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