1 we are purchasing a house which costs 450000 and we, Ask an Expert

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1. We are purchasing a house which costs $450,000 and we are mortgaging 80%. (use bank rate.com, not the charts)

A. What is the monthly payment on a 30yr, 4.24% mortgage? How much interest will be paid over the 30 year life of the loan?

B. What is the monthly payment on a 30yr, 8.99% mortgage? How much interest will be paid over the 30 year life of the loan?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9799440

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