Question
You are interested to buy a house which costs you $120,000. With down payment of $20000 you are able to get twenty five year mortgage
You are interested to buy a house which costs you $120,000. With down payment of $20000 you are able to get twenty five year mortgage at 8.25% from a Canadian bank. You are interested to repay the loan in 22 years by making an additional payment each month. How much you have to pay more each month if there is no additional charge for early repayment?
| 64.17 | ||||||||||||||
| 93.28 | ||||||||||||||
| 54.88 | ||||||||||||||
| 34.10 You are interested to buy a house which costs you $120,000. With down payment of $20000 you are able to get twenty five year mortgage at 8.25% from a Canadian bank. You are interested to repay the loan in 22 years by making an additional payment each month. How much you have to pay more each month if there is no additional charge for early repayment?
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Active Value Investing Making Money In Range Bound Markets
Authors: Vitaliy N. Katsenelson
1st Edition
0470053151, 978-0470053157
