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need help with this. its a 3 part question. part a is in picture above. part b. they will pay a total of how much
need help with this. its a 3 part question.
part a is in picture above.
part b. they will pay a total of how much in interest
and part C. of the first mortgage payment ___ is applied to the principle?
Score: 0 of 2 pts 5 of 11 (6 complete) HW Score: 35%, 7 of 20 pts X 10.5.20 Question Help The Bells obtain a 20-year, $150,000 conventional mortgage at a 8.5% rate on a house seling for $180,000. Their monthly mortgage payment, including principal and interest is $1302.00. They also pay 3 points at closing a) Determine the total amount the Bells wil pay for their house. b) How much of the cost will be interest (including the 3 points? c) How much of the first payment on the mortgage is applied to the principal? *) The total amount that the Bells will pay for their house is $ Round to the nearest dollar as needed.) ! 18 vo Va .. (u) More Enter your answer in the answer box and then click Check Answer parts remaining Clear AllStep by Step Solution
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