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If Joey purchased a $100,000 house with a 20 percent down payment and borrowed the rest on a 30-year mortgage at 5% interest, what would his monthly payment be?

If Joey purchased a $100,000 house with a 20 percent down payment and borrowed the rest on a 30-year mortgage at 5% interest, what would his monthly payment be?
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If Joey purchased a $100,000 house with a 20 percent down payment and borrowed the rest on a 30-year mortgage at 5% interest, what would his monthly payment be?

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User Hadiyah
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8.8k points

1 Answer

4 votes
233.33 a month, 800000/30x1.05/12
answered
User Nebojsa Susic
by
8.6k points
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