Given: The Monroes have a 3 0 Year fixed Mortgage at 5 . 2 5 % .

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Question:

Given: The Monroes have a

30

Year fixed Mortgage at

5.25 % .

As of December

31, 2021

the balance on their mortgage was $

139, 937.00 .

They paid $

10, 267

per year toward their mortgage in principal and interest, $

2, 657

in property taxes, and $

1, 739

and homeowners insurance. Question:

4 .

Assuming the Monroes have always made their mortgage payments exactly as agreed, how much was their original mortgage?

Posted Date: May 18, 2024 09:08 AM

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Given: The Monroes have a 3 0 Year fixed Mortgage at 5 . 2 5 % .

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