Terry and Terri did not know a lot about each other before they got married so...

 

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Terry and Terri did not know a lot about each other before they got married so they did not find out that one of them has poor credit. The interest rate will be higher because of a low credit score. The new term is 4.9% for a 30-year loan. The home price is $200,000 and they must pay a 20% down payment. What is the total amount that the couple will pay for the $200,000 home, including down payment (rounded to the nearest dollar)? Terry and Terri did not know a lot about each other before they got married so they did not find out that one of them has poor credit. The interest rate will be higher because of a low credit score. The new term is 4.9% for a 30-year loan. The home price is $200,000 and they must pay a 20% down payment. What is the total amount that the couple will pay for the $200,000 home, including down payment (rounded to the nearest dollar)?

Answer rating: 100% (QA)

To calculate the total amount Terry and Terri will pay for the 200000 home including the down payment we need to consider the following 1 Down Payment They must pay a 20 down payment on the home 2 Loa... View the full answer