Margaret is purchasing a house for $210,000, with a 15-year fixed-rate mortgage at 4.75% interest. She has made a 5% down payment. The house is valued at $205,000, and the local tax rate is 3.5%. Her

Margaret is purchasing a house for $210,000, with a 15-year fixed-rate mortgage at 4.75% interest. She has made a 5% down payment. The house is valued at $205,000, and the local tax rate is 3.5%. Her homeowners insurance is $600 per year. What are her total monthly payments? (Use the table below to calculate PMI premiums.