After paying the deposit, Danielle still has to pay a total of $280k purchase price - $40k deposit = $<<280-40=240>>240k via her mortgage.
As the mortgage is over 10 years, Danielle’s payments need to total $240k mortgage balance / 10 years = $<<240/10=24>>24k per year.
So each month, Danielle has to pay $24k per year / 12 months in a year = $2k per month.
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