Your plan is to buy a home with a $75\%$ loan to value mortgage. The price you$’$ve negotiated is $$495,000$ and interest rates for $30$ year loans $($paid monthly$)$ are$\mathrm{ 6}\mathrm{.}79\%.$ What is your monthly payment and how much interest will you pay over the life of the loan?

 

 

  

Answer rating: 100% (QA)

To calculate the monthly payment and the total interest paid over the life of the loan we can use th... View the full answer