Answer:
$1129.17.
Step-by-step explanation:
We have been given that the monthly mortgage payment for a home is $812.50. The annual property tax is $3,800.
Let us find the monthly property tax by dividing $3800 by 12.
[tex]\text{Monthly property tax}=\frac{\$3800}{12}[/tex]
[tex]\text{Monthly property tax}=\$316.6666\approx \$316.67[/tex]
Therefore, the monthly property tax will be $316.67.
Let us add the monthly property tax to monthly mortgage payment to find the total monthly payment.
[tex]\text{Total monthly payment}=\$812.50+\$316.67[/tex]
[tex]\text{Total monthly payment}=\$1129.17[/tex]
Therefore, the total monthly payment for the mortgage and property tax will be $1129.17.
