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Nick’s parents purchased their first home in the 1980’s with a 30-year mortgage at 19.5%.
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Nick’s parents purchased their first home in the 1980’s with a 30-year mortgage at 19.5%.

User Tianzhou
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1 Answer

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$ 2037.40

Interesting that there was no down payment..........The staggering monthly payment above would be enough to pay off the total mortgage in just over 5 years. Nick's parents would be much better off to save their money for a few years.
User Domoarigato
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