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Title: A house sells for $312,500 and a 20% down payment is made. A 30-year mortgage at Post by: woot woot on Aug 22, 2014 A house sells for $312,500 and a 20% down payment is made. A 30-year mortgage at 7% was obtained. Find the monthly payment and the total interest paid.
A.Monthly payment = $1,671.61; total interest paid = $351,779.60 B.Monthly payment = $1,762.49; total interest paid = $384,496.40 C.Monthly payment = $1,654.35; total interest paid = $345,566.00 D.Monthly payment = $1,662.50; total interest paid = $348,500.00 Title: Re: A house sells for $312,500 and a 20% down payment is made. A 30-year mortgage at Post by: bio_man on Aug 22, 2014 First, $312,500 * 0.20. Find how much you need a loan for.
--> $1,663.26 Total interest: $348,772.25 |