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Question 2 5 pts You have found a house you want to buy. You obviously don't have the amount of money to pay cash for
Question 2 5 pts You have found a house you want to buy. You obviously don't have the amount of money to pay cash for the house, so you will have to borrow the money as part of a mortgage loan. The asking price for the house is $250,919. You can afford $71,576 as a down payment. The amount you are borrowing is therefore $250,919 - $71,576. Your mortgage broker is offering an interest rate of 6,41%. You want to pay off the house is 26 years. Based on these figures, what would be your base monthly payment amount
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