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Mr. Coffey bought a house for $195,000. He made a 20% percent down payment. The internet rate is 5.25% for 30 years. How much does he need to borrow and what is his monthly payment
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Mr. Coffey bought a house for $195,000. He made a 20% percent down payment. The internet rate is 5.25% for 30 years. How much does he need to borrow and what is his monthly payment

User Donald Harvey
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1 Answer

3 votes

Answer:

$39,000

20% OF THE COST OF HOUSE OUT HERE

= 20% OF $195,000

= 0.2 * 195,000

=$39,000

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Good luck!

User Aytac
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5.9k points
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