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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- Jenelle 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. $Pat Lavoie bought a home for $180,000 with a down payment of $10,000. Her rate of interest is 6% for 30 years. (Round your answer to the nearest cent.) a. Calculate her monthly payment. b. By how much will her loan principal decrease after she makes her first monthly payment? c. Calculate her balance of mortgage at the end of the month.The Dexter’s decided to purchase a new home. The purchase price of their new home was $345,990. The Dexter’s had a down payment of 20% due to the equity in their first home. They financed the rest at a fixed rate of 3.85% for 15 years. What is their monthly payment?
- 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?
