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You are about to purchase your first house for $ 3 2 5 , 0 0 0 . You have 1 5 % of the
You are about to purchase your first house for $ You have of the purchase price for a down payment and you will finance the remaining amount with a year fixed mortgage with a rate of
What is the amount of your monthly payment?
Assuming all regular payments are made, what percentage of your payments made in the first years will be applied to principal?
What is the total dollar amount applied to interest after you have made your regular payments on this mortgage for years?
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