Question
Lauren is looking for a house and thought she can make $930 monthly payment and at least 15% down payment. She hopes to get approved
Lauren is looking for a house and thought she can make $930 monthly payment and at least 15% down payment. She hopes to get approved on a 5.88% APR, 30-year mortgage for the remaining. What is the price of the house she can afford now?
| $157,132 |
| $184,861 |
| $180,701 |
| $238,211 |
The Croods family bought their $340,000 house 12 years ago with 5.28% APR on 30-year mortgage. Now they want to refinance to take advantage of low interest rates. They got an offer for 3.72% APR on a 30-year mortgage. How much can they save on their monthly mortgage payments?
| $315 |
| $139 |
| $158 |
| $212 |
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