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You are buying a $62,000 house for 10% down, with the rest financed at 11 3/4% for 30 years with fixed monthly payments. you must pay 2 points for the loan. what is your monthly…

You are buying a $62,000 house for 10% down, with the rest financed at 11 3/4% for 30 years with fixed monthly payments. you must pay 2 points for the loan. what is your monthly…
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You are buying a $62,000 house for 10% down, with the rest financed at 11 3/4% for 30 years with fixed monthly payments. you must pay 2 points for the loan. what is your monthly loan payment?

asked
User Svetlin Mladenov
by
8.3k points

1 Answer

3 votes
the answer would be 42 percent.
answered
User Atlwx
by
8.2k points
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