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Say that you are purchasing a house for 235,000 and have an excellent credit score.(4.75%) If you pay $1,678.93 at the end of the first month,how much is applied to the principl…

Say that you are purchasing a house for 235,000 and have an excellent credit score.(4.75%) If you pay $1,678.93 at the end of the first month,how much is applied to the principl…
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say that you are purchasing a house for 235,000 and have an excellent credit score.(4.75%) If you pay $1,678.93 at the end of the first month,how much is applied to the principle balance?

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User Omri Gazitt
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7.7k points

1 Answer

7 votes
At 4.75% your monthly payment is $1,678.93 = $748.72 is applied to the principal balance of $235,000
answered
User Aaron Davies
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8.4k points
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