**Pop quiz #4 Assume you are taking out a mortgage on a $300k - TopicsExpress

**Pop quiz #4 Assume you are taking out a mortgage on a $300k home at a whatever interest rate. You place 0% as a downpayment, to satisfy some crackhead FHA program. Closing costs are paid for by the seller. With maintenance, increased water bill, property taxes, hazard insurance, home warranty & mortgage, your total expenses each month are $2400/month. Which of the following is the amount you will have paid for said property at the end of 30 years? A. $450k B. $540k C.$720k or D.$864k

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