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You are buying a house and you are financing the purchase with a mortgage of $130,000. The mortgage has a 30 year term and requires monthly payments. The mortgage charges an interest rate of 0.3% every
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You are buying a house and you are financing the purchase with a mortgage of $130,000. The mortgage has a 30 year term and requires monthly payments. The mortgage charges an interest rate of 0.3% every month. What is the total interest payment over the life of the mortgage?

User Nevelis
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1 Answer

3 votes

Answer:

130,000 -:- by 30 x 0.3 x 12 = 15,600.

Explanation:

(I hope its right, Im not good at math)

User Lateralus
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