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You have just been approved for a 30 year 5.5% fixed home mortgage. The monthly payment that you qualify for is $532.10.
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4 votes
You have just been approved for a 30 year 5.5% fixed home mortgage. The monthly payment that you qualify for is $532.10.

User Abanoub Istfanous
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2 Answers

5 votes
monthly charge is 165$
Total:532.16

User Urraka
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3 votes
The monthly interest rate charge is $165.  The total principal payment you are making is $367.10+$165.00=$532.10
User Pauleen
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