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Looking to buy a home with an asking price of $225,000.Since the market is hot, you plan to put in an offer for full asking
Looking to buy a home with an asking price of $225,000.Since the market is hot, you plan to put in an offer for full asking price.You also plan to put a $45,000 down payment and finance the remainder.Your bank is offering you a 30-year loan at 4.125% APR (compounded monthly).Assume first payment is made one month from today and you make all of the payments on time, calculate the total amount paid to your financial institution.
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