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You want to buy a $195,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest.  a.how much is the loan amount going to be ? $____ b.what will your monthly payments be if the interest rate is 5%? $____ c.what will your monthly payments be if the interest rate is 6%? $____

- November 14, 2022 - Edwin Tunner

Q8

You want to buy a $195,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. 
a.how much is the loan amount going to be ?
$____
b.what will your monthly payments be if the interest rate is 5%?

$____
c.what will your monthly payments be if the interest rate is 6%?

$____

 

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