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Which combination of factors would result in the lowest monthly mortgage payment?

User Sheikia
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1 Answer

5 votes
The choices can be found elsewhere and as follows:

A.) Big down payment,a longer term loan, and a low interest rate
B.) Big down payment, a shorter term loan, and high interest rate
C.) Small down payment, a shorter term loan, and high interest rate
D.)
Small down payment, a shorter term loan, and small interest rate

I think the correct answer is option A. It would be
Big down payment,a longer term loan, and a low interest rate that would result in the lowest monthly mortgage payment. Hope this answers the question.
User Amsheer
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