Question: How can I use the PMT Formula with this information MORTGAGE INFORMATION Asking Price : $929,000 20% Down Payment : $185,800 Rate : 6.250% APR

How can I use the PMT Formula with this information How can I use the PMT Formula with this information MORTGAGE INFORMATION

MORTGAGE INFORMATION Asking Price : $929,000 20% Down Payment : $185,800 Rate : 6.250% APR : 6.299% Upfront Cost : $3,902 (8 years $355,475 ) Monthly Payment: $4,579 Credit Score : 780+ The national average 30-year fixed mortgage APR is 6.90\%. The average 15-year fixed mortgage APR is 6.29\%, according to Bankrate's latest survey of the nation's largest mortgage lenders

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!