Evaluate the total monthly housing payment for the covington

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Reference no: EM131530940

Question: Ben and Carla Covington plan to buy a condominium. They will obtain a $220,000, 30-year mortgage at 5 percent. Their annual property taxes are expected to be $1,800. Property insurance is $480 a year, and the condo association fee is $220 a month. Based on these items, determine the total monthly housing payment for the Covingtons.

Reference no: EM131530940

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