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A house that you are interested in has the following facts listed online: Price = $214,000 APR = 1.15% Down Payment must be 9.5% Loan
A house that you are interested in has the following facts listed online:
Price = $214,000
APR = 1.15%
Down Payment must be 9.5%
Loan time frame is 35 years
What is the amount of the loan you must take out? Hint: you will need to find down payment amount first, then subtract from price.
Amount to be financed: $
What monthly payment do you have to pay on this house?
Monthly payment: $
What is the total cost of this house (including interest and the down payment)?
Total cost: $
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