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Don is buying a home for $190,300.He is making a 30% down payment and financing the rest with a 15 – year loan at 5.75% interest. What will his monthly mortgage payment be?
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Don is buying a home for $190,300.He is making a 30% down payment and financing the rest with a 15 – year loan at 5.75% interest. What will his monthly mortgage payment be?

User Brandon Zacharie
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2 Answers

5 votes

Answer:

1106.18

Explanation:


User Turezky
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8.5k points
5 votes
You are given the price of the house worth $190,300 and about 30% down payment of the price is paid with a 15 – year loan at 5.75% interest. You will use annuity due in this problem. His monthly mortgage payment is $5,468.1
User Rafaelrezend
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7.9k points
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