Question

Question 7 Which combination of factors would result in the lowest monthly mortgage payment? A Big down payment, a longer term loan, and low interest rate B Small down payment, a shorter term loan, and high interest rate C Small down payment, a shorter term loan, and small interest rate D Big down payment, a shorter term loan, and high interest rate

Answer 1

A combination of a big down payment, a longer term loan, and a lower interest rate is expected to result into a low monthly mortgage payment.