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Brad is purchasing his first home for $200,000 and plans to make a 15% down payment. The lender qualifies for a 30-year fixed rate loan on the remaining amount at 4.99% APR. Brad wants to escrow the amount needed for property tax and insurance, which he believes will be around $5,000 annually. What amount of Brad' monthly payments will be made to principal and interest of the loan?

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Brad is purchasing his first home for $200,000 and plans to make a 15% down payment. The lender qualifies for a 30-year fixed rate loan on the remaining amount at 4.99% APR. Brad wants to escrow the amount needed for property tax and insurance, which he believes will be around $5,000 annually. What amount of Brad' monthly payments will be made to principal and interest of the loan?






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