Del is buying a $250,000 home. He has been approved for a 3.75% mortgage. He was required
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Del is buying a $250,000 home. He has been approved for a 3.75% mortgage. He was required to make a 15% down payment and will be closing on the house on July 15. His first mortgage payment is due on August 1. How much should he expect to pay in prepaid interest at the closing?
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Answer Del is expected to prepaid to pay 53562 in prepaid interest at the closing Explanation ...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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