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Consider you buy a house for $200,000 at 4.05% interest rate. What is your monthly mortgage payment if you have a 30 yr fixed rate
Consider you buy a house for $200,000 at 4.05% interest rate.
- What is your monthly mortgage payment if you have a 30 yr fixed rate mortgage?
- What is your monthly mortgage payment if you have a 15 yr fixed rate mortgage?
- Bonus: What will your second set of mortgage payments be if you sign a 5/1 ARM and the interest rate increases to 4.25% at the end of year 5?
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
