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

Excluding taxes and insurance, what is the monthly PITI payment on their loan?

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

  1. 1892.28

  2. amortization.

  3. http://www.mortgage-calc.com/mortgage/simple.html

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