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Can you please help me get started on this question? I am unsure of how to do it honestly. Thank you in advance! Assume you
Can you please help me get started on this question? I am unsure of how to do it honestly. Thank you in advance!
- Assume you are purchasing a home for $150,000.00.
- What are the current 15, 20, and 30-year rates?
- What does a P & I payment look like 80% financing for the terms discovered above?
- What is the total interest repaid on all of the terms above?
- What are the terms of a Variable Rate Mortgage?
- What does the P & I payment look like?
- What are the costs of the mortgage
- Bank Fee
- Appraisal Fee
- Title insurance
- Mortgage Insurance
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