for 25 years

The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8½%

for 25 years. Excluding taxes and insurance, what is the monthly PITI payment of their loan?

for 25 years. Excluding taxes and insurance, what is the monthly PITI payment of their loan?

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1 answers.

Although you give the principal and interest data, we have no estimate of the taxes and insurance.

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