You are buying a new house. Current mortgage rates are 6.5% APR. Lenders are offering 30...

 

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You are buying a new house. Current mortgage rates are 6.5% APR. Lenders are offering 30 year mortgages with monthly payments. They require 20% down payments and will finance the remaining 80% with the mortgage loan. What is your monthly payment if the home value is $148,322.64. Round to nearest $ and use $ symbol. Should be close to a round number. You are buying a new house. Current mortgage rates are 6.5% APR. Lenders are offering 30 year mortgages with monthly payments. They require 20% down payments and will finance the remaining 80% with the mortgage loan. What is your monthly payment if the home value is $148,322.64. Round to nearest $ and use $ symbol. Should be close to a round number.

Answer rating: 100% (QA)

To calculate the monthly mortgage payment we need to consider the loan amount interest rate and loan ... View the full answer