Question 1 of 35 Colleen is buying a $279,000 home with a 30-year mortgage at 4.5%. Because she is not making a down payment, PMI in the amount of $134.25 per month is required for the first 2 years of

Question 1 of 35

Colleen is buying a $279,000 home with a 30-year mortgage at 4.5%. Because
she is not making a down payment, PMI in the amount of $134.25 per month
is required for the first 2 years of the loan. Based on this information, what is
the total cost of this loan?
OA. $475,415
OB. $512,136
OC. $508,914
OD.
$493,776
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Question 1 of 35 Colleen is buying a $279,000 home with a 30-year mortgage at 4.5%. Because she is not making a down payment, PMI in the amount of $134.25 per month is required …

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