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House Appreciation and Mortgage Payments Say that you purchase a house for $150,000 by getting a mortgage for $120,000 and paying a $30,000 down payment.

House Appreciation and Mortgage Payments Say that you purchase a house for $150,000 by getting a mortgage for $120,000 and paying a $30,000 down payment. If you get a 15-year mortgage with a 3.5 percent interest rate, what are the monthly payments? What would the loan balance be in 5 years?

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