Suppose you bought a new home for $210,000 using a 30-year mortgage with monthly payments of $1,218.841. The annual interest rate of the mortgage is 5.7%. After the first 3 years (36 monthly payments), approximately how much money have you paid in interest and how much in principal?

Answer rating: 100% (QA)

To calculate how much youve paid in interest and principal after the first 3 years of payment... View the full answer