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Determine the total monthly housing payment for Covington

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Question - Ben and Carla Covington plan to buy a condominium. They will obtain a $230,000, 25-year mortgage at 6.5 percent. Their annual property taxes are expected to be $2,300. Property insurance is $580 a year, and the condo association fee is $270 a month. Based on these items, determine the total monthly housing payment for the Covington.

Reference no: EM133117733

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