Answer:
Steps below:)
Step-by-step explanation:
1. Find the mortgage amount.
2. Choose a interest rate on your mortgage.
3. Choose a mortgage term that is the median for your financial needs.
4. Calculate the monthly principal and interest payment using a financial calculator, a spreadsheet program such as Excel or an online mortgage calculator.
5. Determine the monthly amount you will pay into escrow each for payment of your property taxes.
