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Lucy purchased a home. Her monthly payments are $1,534. Her annual real estate tax is $3,000...

Lucy purchased a home. Her monthly payments are $1,534. Her annual real estate tax is $3,000 along with an annual insurance premium of $1,800. Lucy's bank requires that her monthly payments include an escrow deposit for the tax and insurance. What is the total payment each month for Lucy?

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Expert Solution

Lucy's Total Monthly Payment

Lucy's Monthly payment : 1,534

Real Estate Tax/Month (3000/12) : 250

Insurance Premium/month(1800/12) :

ekkarill92 answered 2 years ago
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