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Suppose a potential home buyer is interested in taking a $500,000 mortgage loan that has a term of 30 years and a fixed mortgage rate of 5.25%. what is the monthly mortgage payment that the homeowner would
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Suppose a potential home buyer is interested in taking a $500,000 mortgage loan that has a term of 30 years and a fixed mortgage rate of 5.25%. what is the monthly mortgage payment that the homeowner would need to make if this loan is fully amortizing?

User Bajo
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1 Answer

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On a 30 year 5.25% rate on a $500,000 mortgage loan you would be looking at monthly payments of $2761.02

User Rouzier
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