ata table Stephen has just purchased a home for $138,000. A mortgage company has approved his...

   

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ata table Stephen has just purchased a home for $138,000. A mortgage company has approved his loan application for a 30-year fixed-rate loan at 5.00%. Stephen has agreed to pay 30% of the purchase price as a down payment. Find the down payment, amount of mortgage, and monthly payment. Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. The down payment is about $ (Round to the nearest cent as needed.) The mortgage amount is about $ (Round to the nearest cent as needed.) The monthly mortgage payment is about $. (Round to the nearest cent as needed.) Years Annual interest rate inanced 3.00% 3.25% 10 9.66 9.77 10.36 12 8.28 8.40 8.51 8.63 8.76 8.88 9.00 15 6.91 7.03 7.15 7.27 7.40 7.52 7.65 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 9.89 10.01 10.12 10.24 10.48 10.61 10.73 10.85 10.98 11.10 11.23 11.35 11.48 9.12 9.25 9.37 9.50 9.63 9.76 7.78 7.91 8.04 8.30 9.89 10.02 10.15 8.17 8.44 8.57 8.71 8.85 17 6.26 6.39 6.51 6.64 6.76 6.89 7.02 7.15 7.29 7.42 7.56 7.69 7.83 7.97 8.11 8.25 22305 5.55 5.67 5.80 5.93 6.06 6.19 6.33 6.46 6.60 6.74 6.88 7.02 7.16 7.31 7.46 7.60 5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.11 6.25 6.39 6.54 6.68 6.83 6.98 7.13 7.28 4.74 4.87 5.01 5.14 5.28 5.42 5.56 5.70 5.85 5.99 6.14 6.29 6.44 6.60 6.75 6.91 4.22 4.35 4.49 4.63 4.77 4.92 3.85 3.99 4.13 4.28 4.43 4.58 4.73 5.07 5.22 4.89 5.37 5.52 5.68 5.84 6.00 6.16 6.32 6.49 5.05 5.21 5.37 5.54 5.70 5.87 6.04 6.21 ata table Stephen has just purchased a home for $138,000. A mortgage company has approved his loan application for a 30-year fixed-rate loan at 5.00%. Stephen has agreed to pay 30% of the purchase price as a down payment. Find the down payment, amount of mortgage, and monthly payment. Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. The down payment is about $ (Round to the nearest cent as needed.) The mortgage amount is about $ (Round to the nearest cent as needed.) The monthly mortgage payment is about $. (Round to the nearest cent as needed.) Years Annual interest rate inanced 3.00% 3.25% 10 9.66 9.77 10.36 12 8.28 8.40 8.51 8.63 8.76 8.88 9.00 15 6.91 7.03 7.15 7.27 7.40 7.52 7.65 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00% 6.25% 6.50% 6.75% 9.89 10.01 10.12 10.24 10.48 10.61 10.73 10.85 10.98 11.10 11.23 11.35 11.48 9.12 9.25 9.37 9.50 9.63 9.76 7.78 7.91 8.04 8.30 9.89 10.02 10.15 8.17 8.44 8.57 8.71 8.85 17 6.26 6.39 6.51 6.64 6.76 6.89 7.02 7.15 7.29 7.42 7.56 7.69 7.83 7.97 8.11 8.25 22305 5.55 5.67 5.80 5.93 6.06 6.19 6.33 6.46 6.60 6.74 6.88 7.02 7.16 7.31 7.46 7.60 5.18 5.31 5.44 5.57 5.70 5.84 5.97 6.11 6.25 6.39 6.54 6.68 6.83 6.98 7.13 7.28 4.74 4.87 5.01 5.14 5.28 5.42 5.56 5.70 5.85 5.99 6.14 6.29 6.44 6.60 6.75 6.91 4.22 4.35 4.49 4.63 4.77 4.92 3.85 3.99 4.13 4.28 4.43 4.58 4.73 5.07 5.22 4.89 5.37 5.52 5.68 5.84 6.00 6.16 6.32 6.49 5.05 5.21 5.37 5.54 5.70 5.87 6.04 6.21

Answer rating: 100% (QA)

Given information Home purchase price 138000 Mortgage loan term 30 years ... View the full answer