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David is purchasing a home for $613,000. He makes a 10% down payment and obtains a 15-year fixed rate mortgage loan at 7% annual interest. His monthly payments are $4,958.84. He pays an intangible tax of 0.3%. Which of the following is the total cost of principal, interest, down payment, and intangible tax?

$894,246.30

$892,591.20

$955,730.20

$955,546.30

Question

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David is purchasing a home for $613,000. He makes a 10% down payment and obtains a 15-year fixed rate mortgage loan at 7% annual interest. His monthly payments are $4,958.84. He pays an intangible tax of 0.3%. Which of the following is the total cost of principal, interest, down payment, and intangible tax?

 $894,246.30

 $892,591.20

 $955,730.20

 $955,546.30

anonymous · Answer

His monthly payments are $4,958.84

anonymous · Answer

The rest I dont know ..