How much lower would the montly payment be for the following 30 year monthly mortgage 10...
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How much lower would the montly payment be for the following 30 year monthly mortgage 10 years later if the new 20 year mortgage rate is 3.5% APR Original Mortgage 30 5% Maturity Rate Amount 350,000 Years APR Refinance 10 Years later 20 3.50% Years APR How much lower would the montly payment be for the following 30 year monthly mortgage 10 years later if the new 20 year mortgage rate is 3.5% APR Original Mortgage 30 5% Maturity Rate Amount 350,000 Years APR Refinance 10 Years later 20 3.50% Years APR How much lower would the montly payment be for the following 30 year monthly mortgage 10 years later if the new 20 year mortgage rate is 3.5% APR Original Mortgage 30 5% Maturity Rate Amount 350,000 Years APR Refinance 10 Years later 20 3.50% Years APR
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Answer rating: 100% (QA)
The monthly payment for the new 20year mortgage at 35 APR will be 179607 which is 23510 less th... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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