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Daniel is purchasing a $198,000 home with a 30-year mortgage at 5.5%.
Because he is not making a down payment, PMI in the amount of
$93.50/month is required for the first two years of the loan. Based on this
information, what is the total cost of this loan?

Daniel is purchasing a 198000 home with a 30year mortgage at 55 Because he is not making a down payment PMI in the amount of 9350month is required for the first class=

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Answer:

the answer on apex is $406,963.20

Step-by-step explanation:

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