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Title: What is the incremental cost of borrowing the extra money? Post by: kimgalaxy on Apr 7, 2014 1.When purchasing a $210,000 house, a borrower is comparing two loan alternatives. The first loan is a 90% loan at 10.5% for 25 years. The second loan is an 85% loan for 9.75% over 15 years. Both have monthly payments and the property is expected to be held over the life of the loan.
Seleccione una: A. 16.17% B. 20.25% C. 11.36% D. 12.42% E. 12.02% Title: Re: What is the incremental cost of borrowing the extra money? Post by: padre on Apr 8, 2014 (D) 12.42%
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