What is the effective cost of a combination of an 80% mortgage at 3% and a second

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What is the effective cost of a combination of an 80% mortgage at 3% and a second mortgage (for 10% of the purchase price) at 4%? Both mortgages carry a 30-year term and have no points/closing costs. Write in percentage form.

Posted Date: Jul 11, 2024 11:06 AM

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What is the effective cost of a combination of an 80% mortgage at 3% and a second

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