Pablo took out an 80/20 mortgage to buy a house that cost $140,000. 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

Pablo took out an 80/20 mortgage to buy a house that cost $140,000. 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 the total monthly mortgage payment for the house?

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Pablo took out an 80/20 mortgage to buy a house that cost $140,000. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has an interest rate of…

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