Albert is purchasing a $179,000 home with a 30-year mortgage at 5.5%.
because he is not making a down payment, pmi in the amount of
$88.50/month is required for the first two years of the loan. based on this
information, what is the total cost of this loan?
o
a. $368,006.40
o
o
o
b. $387,156.20
c. $344,923.03
d. $323,092.10