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Assume the current date is January 1, 2020. The original 30-year mortgage was taken out on January 1, 2014, so 72 regular payments have already
Assume the current date is January 1, 2020. The original 30-year mortgage was taken out on January 1, 2014, so 72 regular payments have already been made. The original loan balance was $200,000. The interest rate on the original mortgage is 4.5%. What is the current balance on the original mortgage? 181,449.67 169,812.03 173,211.82 178,276.97 Assume the current date is January 1, 2020. The original 30-year mortgage was taken out on January 1, 2014, so 72 regular payments have already been made. The original loan balance was $200,000. The interest rate on the original mortgage is 4.5%. As of January 1, 2025, after another 60 payments have been made, what will be the balance on the original mortgage? 161,503.68 155,123.04 153,639.07 159,218.35 Assume the current date is January 1, 2020. If the remaining balance on the original mortgage is refinanced using a 30-year, 4% mortgage, then the new monthly payments are 879.46 905.67 831.05 851.12 Assume the current date is January 1, 2020. If the remaining balance on the original mortgage is refinanced using a 30-year, 4% mortgage, then the balance on the new mortgage on January 1, 2025, after 60 payments have been made, is 154,183.97 157,903.57 O 161,247.09 165,381.02
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