Question

Jaxon purchased his first home for $155,600. He obtained a 30-year, fixed-rate mortgage with an interest rate of 7.15% in the amount of $150,400. The seller paid $2,180.45 in property taxes for the coming year. If the date of the closing was June 22, and Jaxon owned the property on that date, how much will he owe in prorated taxes and interest?

$265.16

$1,292.00

$1,152.21

$1,417.35