Beverly Frost bought a home for $190,000 with a down payment of $19,000 at 7% for 25 years. Since then the rate has risen to 9%. How much more would her monthly payment be if she bought the house at 9%?
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- Give true answer the questionBeverly Frost bought a home for $190,000 with a down payment of $19,000 at 7% for 25 years. Since then the rate has risen to 9%. How much more would her monthly payment be if she bought the house at 9%? Multiple Choice $208.97 $436.40 $143.00 $226.44Jenelle bought a home for $370,000, paying 18% as a down payment, and financing the rest at 4.6% interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down payment? $ What was the original amount financed? $ What is her monthly payment? $ If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer. $
- A woman buys a house for a $260,000. She pays $20,000 down and takes out a mortgage at 5.1% for 15 years on the balance. Find her monthly payment and the total amount of interest she will pay.NoneLizzy Clar bought a home for $160,000, putting down $30,000. The rate of interest is 7% for 25 years. What is the total of her monthly payments for one year? Multiple Choice $11,025.72 $11,029.20 $919.10
- Emma bought a $360,000.00 house, paying 10% down, and financing the rest at 2% interest for 20 years. A. What is the monthly payment? Emma has a payment of __?__a month. How much interest will be paid over the life of the loan? Emma will pay __?__ in interest over the life of the loan.Fatimah pays monthly rent of $520 for her townhouse. If she bought the property, the mortgage loan, property tax, and utilities would cost her $920 per month. Using the current mortgage loan rate of 6.6% compounded semi-annually, calculate how much money Fatima could accumulate over 10 years if she continues to rent and invests the $400 per month difference. $77,085 $47,845 $67,768 $56,299Joe Levi bought a home in Arlington Texas for $150,000. He put down 20% and obtained a mortgage for 15 years at 5 1/2% interest. 1) What is Joe's monthly payment? 2) What is the TOTAL cost of interest for this loan? 3) If the interest rate increases to 6 1/2%, what is the difference in the TOTAL interest costs over the life of this loan?
- Some time ago, Marie took out a loan from the bank to purchase an apartment. The terms of theloan specified monthly payments over 25 years. The interest rate of 5.385% compounded semi-annuallyhasn’t changed. Marie has just made his 100th payment, and to his surprise, the interest portion of thepayment was exactly $1,000.a. What is Marie’s monthly payment? b. How much did Boris originally borrowShirley Trembley buys a house for $186,200. She puts 20% down and obtains a simple interest amortized loan for the balance at 11 3 8 % interest for thirty years. Ten years and six months later, she sells her house. Find the unpaid balance on her loan. (Round your answer to the nearest cent.)$Ms. Tamper bought a house for $180,000. She put 20% down and obtained a mortgage loan for the balance at 4 1/4% for 30 years. a. Find the monthly payment. b. Find the total interest paid.
