Question

Tina Avallone and her husband are buying a $219,000 home. Their annual housing expenses are: mortgage payments, $15,400; real estate taxes, $3,600; annual homeowner’s insurance premium, $1,895; maintenance on the home, $3,200; and utilities, $3,980. The lost interest on the down payment is $1,001 and the tax savings is $1,976. What is their average monthly expense?

Answer 1

Their annual housing expenses are: mortgage payments, $15,400; real estate taxes, $3,600; annual homeowner’s insurance premium, $1,895; maintenance on the home, $3,200; and utilities, $3,980

for these i think we just add them all up... not sure what to do with the lost interest, but i think the tax savings we can subtract from the numbers above

At the end we'll divide by 12 for monthly amount

Answer 2

Okay so I got $2,339.58
But those aren't the choices... :/

Answer 3

Maybe we just subtract the lost interest from the above numbers too...idk what to do with it

What are the choices?

Answer 4

The choices are
1) $1,985.66
B) $2,109.67
C) $3,785.40
D) $2,258.33

Answer 5

if you add up all these "$15,400; real estate taxes, $3,600; annual homeowner’s insurance premium, $1,895; maintenance on the home, $3,200; and utilities, $3,980, lost interest on the down payment is $1,001 "

then subtract "the tax savings is $1,976"

then divide by 12, you get one of the answers at least

Answer 6

Yay! You're amazing!

Answer 7

haha thanks! i just tried adding them up and subtracting until something worked! :D