Lindsey took out an 80/20 mortgage to buy a house costing $145,000. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has an interest rate of 7.525%. Both the first

Lindsey took out an 80/20 mortgage to buy a house costing $145,000. The

first (80%) mortgage has an interest rate of 4.75%, and the second (20%)
mortgage has an interest rate of 7.525%. Both the first mortgage and the
second mortgage are 30-year fixed-rate mortgages. What is her monthly
payment on the first mortgage?

2 Answers

Lindsey took out an 80/20 mortgage to buy a house costing $145,000. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has an interest rate of…

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

Related questions

Categories

Other Questions