Trevor is comparing two mortgage options from two different banks for his 20 -year $ 120 , 000 mortgage. He thinks both mortgages are pretty much the same and is having a hard time deciding which bank to partner with. Bank A: 5 % with monthly payments of $ 791.95 Bank B: 4.75 % with monthly payments of $ 775.47 How much is the total payback for each mortgage option

Answer rating: 100% (QA)

To calculate the total payback for each mortgage option we need to consider the total amount paid ov... View the full answer