29.3 Quiz Total Housing Payments

Question 8 of 10

2 Points

Travis is purchasing a $225,000 home with a 30-year mortgage at 5.15%.

Because he is not making a down payment, PMI in the amount of

$84.50/month is required for the first 2 years of the loan. Based on this

information, what is the total cost of this loan?

O

A. $444,309.60

B. $421,369.20

O

O

C. $452,092.10

O

D. $423,042.96

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