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Eric took out an 80/20 mortgage to buy a $175,000 house. The first (80%)

mortgage has an interest rate of 4.75%, and the second (20%) mortgage has
an interest rate of 7.525%. Both mortgages are 30-year fixed-rate mortgages..
What is the total mortgage payment for this house?

User Ozbek
by
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1 Answer

5 votes

Answer:

The total monthly mortgage payment for the house is $975.63

Explanation:

your welcome

User Sumit Joshi
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