When you purchased your house , you took out a 30 - year mortgage with an interest rate of4.8 % per year . The monthly payment on the mortgage $ 3,431 . You have just made a payment and have now decided to pay the mortgage off by repaying the outstanding balance . What is the payoff amount if you have lived in the house for 20 years ( so there are 10 years left on the mortgage ) ?

Answer rating: 100% (QA)

Answer To calculate the payoff amount for your mortgage after living in the house for 20 y... View the full answer