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11- Points DETAILS teens What your monthly Round your weather cont Points DETAILS PREVIOUS ANSWERS A that your mother where you have paid at the

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11- Points DETAILS teens What your monthly Round your weather cont Points DETAILS PREVIOUS ANSWERS A that your mother where you have paid at the end of the mound to the matt You want to buy a house that has a purchase price of 3130,000, you plan to make a down payment of 10% of the purchase price and then borrow the rest wrist is the dollar value of your down payment? 23000 How much money will you need to borrow L7000 You have the option to take out a 30-year mortgage that has an APR of 5.9% or a 20-year mortgage that has an APR 04556. When answering the following questions, remember to base your mortage payments on the amount you need to borrow rather than the entire purchase price 30-year mortgage if you take out a 30-year mortgage with an APR of 5.3%, what will your monthly payment be? (Round your answer to the nearest cent.) $1992.12 X If you make the payment you just calculated every month for 30 years, how much will you pay together? 52153152 What dolor amount of your total 30-year mortgage payments go to interest? Hint: The dollar amount of your interest is the difference between your total payments and the amount you borrowed WAS X what percentage of your total 30-year mortgage payments go to Interest? (Round your percentage to one decimal place.) 20-year mortgage If you take out a 20-year mortgage with an APR of 4,55%, what will your monthly payment be? (Round your answer to the nearest cont.) If you make the payment you just calculated every month for 20 years, how much will you pay altogether What doltar amount of your total 20-year mortgage payments po to interest? Hint: The dollar amount of your interest is the difference between your total payments and the amount you borrowed. wat percentage of your total 20-vaar mortgage payments go to Interest? (Round your percentage to one decimal place) 30-year ve 20 year mortgage How much money will you save altogether by taking out a 20-year mortgage rather than a 30-year mortgage? 11- Points DETAILS teens What your monthly Round your weather cont Points DETAILS PREVIOUS ANSWERS A that your mother where you have paid at the end of the mound to the matt You want to buy a house that has a purchase price of 3130,000, you plan to make a down payment of 10% of the purchase price and then borrow the rest wrist is the dollar value of your down payment? 23000 How much money will you need to borrow L7000 You have the option to take out a 30-year mortgage that has an APR of 5.9% or a 20-year mortgage that has an APR 04556. When answering the following questions, remember to base your mortage payments on the amount you need to borrow rather than the entire purchase price 30-year mortgage if you take out a 30-year mortgage with an APR of 5.3%, what will your monthly payment be? (Round your answer to the nearest cent.) $1992.12 X If you make the payment you just calculated every month for 30 years, how much will you pay together? 52153152 What dolor amount of your total 30-year mortgage payments go to interest? Hint: The dollar amount of your interest is the difference between your total payments and the amount you borrowed WAS X what percentage of your total 30-year mortgage payments go to Interest? (Round your percentage to one decimal place.) 20-year mortgage If you take out a 20-year mortgage with an APR of 4,55%, what will your monthly payment be? (Round your answer to the nearest cont.) If you make the payment you just calculated every month for 20 years, how much will you pay altogether What doltar amount of your total 20-year mortgage payments po to interest? Hint: The dollar amount of your interest is the difference between your total payments and the amount you borrowed. wat percentage of your total 20-vaar mortgage payments go to Interest? (Round your percentage to one decimal place) 30-year ve 20 year mortgage How much money will you save altogether by taking out a 20-year mortgage rather than a 30-year mortgage

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