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The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8.5% for 25 years.?

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The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8.5% for 25 years.?

Postby tuketu » Wed Nov 14, 2012 12:52 am

Excluding taxes and insurance, what is the monthly PITI payment on their loan?
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The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8.5% for 25 years.?

Postby salford » Wed Nov 14, 2012 12:53 am

http://www.mortgage-calc.com/mortgage/simple.html
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The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8.5% for 25 years.?

Postby rodrik » Wed Nov 14, 2012 1:01 am

1892.28
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The Patel family recently purchased a home, taking out a mortgage of $235,000 at 8.5% for 25 years.?

Postby inteus » Wed Nov 14, 2012 1:11 am

amortization.
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