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You want to buy a condo and you want to comparison shop. You have 3 different options where the rates and years go together and

  1. You want to buy a condo and you want to comparison shop. You have 3 different options where the rates and years go together and 3 different condos. You will put down 15% as a down payment for each and borrow the rest from a bank. Please tell me the monthly payment and the total cost for each option.

Option 1

Option 2

Option 3

Years

15

20

30

Rates

.035

.045

.055

Condos costs:

A

B

C

450,000

350,000

395,000

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