14/15

A couple has just purchased a home for $419,000.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 4.44% APR with monthly compounding. The mortgage has a term of 30 years. What is the size of the loan taken out by the couple? Submit Answer format: Currency: Round to: 2 decimal places. A couple has just purchased a home for $419,000.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 4.44% APR with monthly compounding. The mortgage has a term of 30 years. What is the monthly payment on the loan? Submit Answer format: Currency: Round to: 2 decimal places