Philosophy homework help. Home ownership has other expenses, including property taxes, homeowner’s insurance, and utilities. The annual property tax can be estimated as 1% of the amount borrowed and the annual homeowner’s insurance can be estimated as 2% of the amount borrowed.For a mortgage of $135,000, find the following.a. What is the MONTHLY amount of property tax.b. What is the MONTHLY amount of homeowner’s insuranceIf the monthly utilities can be estimated to be $200, findthe following.a. For the 15 year loan, find the total monthly payment, including mortgage, tax,insurance, and utilities.b. For the 30 year loan, find the total monthly payment, including mortgage, tax,insurance, and utilities.
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