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You want to buy a $200,000 home. You plan to pay 10% as a down payment and take out a 30 year loan for the rest. A. How much is the loan amount going to be? B. What will your monthly payments be of the
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You want to buy a $200,000 home. You plan to pay 10% as a down payment and take out a 30 year loan for the rest.

A. How much is the loan amount going to be?

B. What will your monthly payments be of the interest rate is 5%?

C. What will your monthly payments be if the interest rate is 6%?

User FosAvance
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1 Answer

5 votes
110,000 dollars for the loan
User Okigan
by
5.6k points
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