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

asked Jul 10, 2020 197k views

1 vote

by Bajo

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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

Rouzier answered Jul 17, 2020

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