Question

PLEASE HELP!!!!!

Whitney is buying a house next year. She applies for a $200,000 loan to be paid in 30 years. Her credit score is 575. Using the table, how much bigger will her monthly payment be than if her score were 850?

$99.00

$680.00

$160.00

$365.00

Answer 1

Because here score is 575 she must pay 2365 per mo according to the table

If her score were 850 she would pay 1685 per month

So the difference in the two rates is:

2365 - 1685 = 680 a month more because of the low credit score