Old MathJax webview

Old MathJax webview

1. What is the total interest savings if they choose this option instead of the zero down down at 6%5 interest?

2. How much do Jen and Scott save in interest by taking a 15-year mortgage versus a 30-year mortgage if the borrow $124,000 at 6% interest.

1. What is the total interest savings if they choose this option instead of the zero down 6.5% interest? 2. how much do Jen and Scott save in interest by taking a 15-year mortgage versus a 30-year mortgage if they borrow 124,000 at 6% interest?

this is how the question was ask. I'm guessing they are referring to prior question.

1. Scott and Jen are looking at a house listed for 189,000. they will qualify for a 6% interest rate if they have a 20% down payment how much will the monthly payment be on a 15-year mortgage?

2. Scott and Jen not sure they want to use their savings for a down payment because they would like to buy new furniture and appliances. they find a house on the market for 155,000 but they will have to pay 6.5% interest if they decide to put their monthly payments on a 15-year mortgage?

3. how much more are Scott and Jen paying in interest with no down payment even though the bought a cheaper house?

4. how much do they save in a year on their monthly payment if they buy 189,000 with a 20% down?

5. how much would Scott and Jen have for furniture if they bought the less expensive house and put 20% down on that? (assuming they have the original down payment form question #1 and the 6% interest rate)?

6. what is the total interest Savings if they choose this option instead of the zero down at 6.5% interest?

7. how much do Jen and Scott save in interest by taking a 15-year mortgage versus a 30-year mortgage if they borrow 124,000 at 6% interest?

that is all the questions.