Question

sasha has just gotten a new job in a nearby city. after comparison shopping, she found that renting a nice two - bedroom apartment would cost around $800 per month. her utilities would cost about $150 per month. sasha has enough money saved for a down payment, and she found that she can buy a three - bedroom house or condo with a mortgage payment of $1,000 per month, including taxes and homeowner’s insurance. her utilities would cost about $200 per month. what is included in sasha’s mortgage payment? choose two correct answers. interest on the loan homeowner’s insurance and property taxes repairs, if something breaks utilities, such as electricity and water maintenance costs for the home

Explanation:

A mortgage payment typically includes components related to the loan (principal and interest) and often escrow items like property taxes and homeowner's insurance. Interest on the loan is part of repaying the mortgage. Homeowner’s insurance and property taxes are commonly included in a mortgage payment (escrowed). Repairs, utilities, and maintenance are usually separate from the mortgage payment.

Answer:

• interest on the loan
• homeowner's insurance and property taxes