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Theresa is considering a 7/23 balloon mortgage with an interest rate of 4.5% to purchase a house for $204,000. What will be her monthly payment for the first 7 years of the balloon mortgage?
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3 votes
Theresa is considering a 7/23 balloon mortgage with an interest rate of 4.5%

to purchase a house for $204,000. What will be her monthly payment for the
first 7 years of the balloon mortgage?

User Aladine
by
5.1k points

2 Answers

2 votes

Answer: $1033.64

Explanation:

User Balkaran Singh
by
4.5k points
2 votes

Answer:

The answer is 1033.64

Explanation:

User Momoko
by
5.3k points
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