what will be your monthly payment on 600,000 15 and a 30 ye mortgage if the rate is 4.75% for people with good credit and 11.95% for people with bad credit 4 calculations

the mortgage is 600,000 (not the price of the house) you will have to adjust bank rate.com default of 20% down to 0% down 600k mortgage

how much interest will you pay over the life of the 4 loans you calcukated? why would someone finance a house with a 10 year interest only loan site 3 reasons

1. You plan to purchase a $100,000 house using a 30-year niortgage obtained from your local credit union. The mortgage rate offered to you is 8.25 percent. You will make a down payment of 20 percent of the purchase price. (LG;4) a. Calculate your monthly payments on this mortgage. b. Calculate the amount of interest and, separately, principal paid in the 25 th payment