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Ms. Cortez had to pay 20% for a down payment on a home selling for $296,500. How much will the bank have to finance as a mortgage loan?

Ms. Cortez had to pay 20% for a down payment on a home selling for $296,500. How much will the bank have to finance as a mortgage loan?
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Ms. Cortez had to pay 20% for a down payment on a home selling for $296,500. How much will the bank have to finance as a mortgage loan?

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User Vladimir Gadzhov
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7.7k points

1 Answer

5 votes
The bank will have to finance $237,200 as a mortgage loan.
answered
User Omarello
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8.0k points
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