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The Wei's are buying their first home. The purchase price of the home is $175,859. The Wei's are putting a 12% down payment on the home. They will finance the rest. If they get a locked rate of 4.75% for
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The Wei's are buying their first home. The purchase price of the home is $175,859. The Wei's are putting a

12% down payment on the home. They will finance the rest. If they get a locked rate of 4.75% for a 30 year
term loan, what will be their monthly payment?

User Peter Geer
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$175 859 times 12 %. 175 859 take away the answer.
$175 859 times 4.75% is the answer. $175 859 take away the answer.
That will give you an answer.
User Malcolm Anderson
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