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Abbie purchased a 129000 home with 30-year term 6 rate

Mortgage Financing

Abbie purchased a $129,000 home with 30-year term, 6% rate mortgage. At closing she paid a $10,000 down payment, requiring her to purchase private mortgage insurance (PMI) at a cost of $25 per month. Calculate Samantha's monthly mortgage plus PMI payment.

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Finance Basics: Abbie purchased a 129000 home with 30-year term 6 rate

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