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You have just been approved for a 30 year 5.5% fixed home mortgage. The monthly payment that you qualify for is $532.10.

You have just been approved for a 30 year 5.5% fixed home mortgage. The monthly payment that you qualify for is $532.10.
asked 14.2k views
4 votes
You have just been approved for a 30 year 5.5% fixed home mortgage. The monthly payment that you qualify for is $532.10.

asked
User Abanoub Istfanous
by
7.8k points

2 Answers

5 votes
monthly charge is 165$
Total:532.16

answered
User Urraka
by
8.7k points
3 votes
The monthly interest rate charge is $165.  The total principal payment you are making is $367.10+$165.00=$532.10
answered
User Pauleen
by
7.9k points
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