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Travis's purchasing an $225000 home with a 30 year mortgage at 5.15% because he is not making a down payment PMI in the amount of $84.50 a month is required for the 1st 2 years of the loan based on this
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Travis's purchasing an $225000 home with a 30 year mortgage at 5.15% because he is not making a down payment PMI in the amount of $84.50 a month is required for the 1st 2 years of the loan based on this information what is the total cost of his loan

User Benjaminbenben
by
8.5k points

2 Answers

1 vote

Answer: $444,309.60

Explanation:

User Warif Akhand Rishi
by
7.3k points
3 votes

Answer:

The total cost of the loan = $444,208.80¢

Explanation:

Please kindly check the attached files for details

Travis's purchasing an $225000 home with a 30 year mortgage at 5.15% because he is-example-1
Travis's purchasing an $225000 home with a 30 year mortgage at 5.15% because he is-example-2
Travis's purchasing an $225000 home with a 30 year mortgage at 5.15% because he is-example-3
User Yogesh Jilhawar
by
7.8k points
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