Question

A homeowner has a mortgage payment of $998.60, an annual property tax bill of $590, and an annual fire insurance premium of $280. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)

Answer 1

the monthly payment is $134.72

Explanation:

This is if the mortgage is annual also.

add all 3 which would equal 1,616.6.

But "why?" you ask is it so expensive.

it is still annual so divide it by 12 and you have 134.72