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A buyer contracts for a property and negotiates a purchase price of $250,000. With a 20% down payment, he has no problem obtaining a 30-year conventional loan for the balance. At 8% the table calls for a monthly payment at the rate of $7.34 per thousand. If the lender adds another $250 per month for escrows, what will the buyer pay each month?

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A buyer contracts for a property and negotiates a purchase price of $250,000. With a 20% down payment, he has no problem obtaining a 30-year conventional loan for the balance. At 8% the table calls for a monthly payment at the rate of $7.34 per thousand. If the lender adds another $250 per month for escrows, what will the buyer pay each month?






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