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You are applying for a mortgage loan at 5.75% over 30 years with monthly payments. The home you are considering is at a price of
You are applying for a mortgage loan at 5.75% over 30 years with monthly payments. The home you are considering is at a price of $329,000. Lenders are offering 80% loan to value mortgages to you. What will be your monthly mortgage payment for principal and interest?
11. what was the original balance of the loan?
a. $263,200
b. Cannot determine given these facts
c. $223,200
d. $183,200
12. how much interest would you pay during the full life of the loan ?
a. $185,703
b. $141,244
c. $289,747
d. $245,712
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