alan bought a home in Fremont, California $230,000. he put down 20 % and obtained a mortgage for 30 years at 8%. the total interest cost of the loan is
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- Tom Burke bought a home in Virginia for $160,000. He puts down 25% and obtains a mortgage for 30 years at 8%. What is Tom's (A) monthly payment, as well as (B) the total interest of the loan?Joe Levi bought a home in Arlington Texas for $150,000. He put down 20% and obtained a mortgage for 15 years at 5 1/2% interest. 1) What is Joe's monthly payment? 2) What is the TOTAL cost of interest for this loan? 3) If the interest rate increases to 6 1/2%, what is the difference in the TOTAL interest costs over the life of this loan?John Lee bought a home in Des Moines, Iowa, for $65,000. He put down 15% and obtained a mortgage for 30 years at 8 1/2%. What is (A) John's monthly payment and (B) the total interest cost of the loan? (Round your answers to the nearest cent.) A. B.
- Ephrem bought a home in Des Moines, lowa, for $335,000. He put down 15% and obtained a mortgage for 40 years at 5%2%. What is (A) Ephrem's monthly payment and (B) the total interest cost of the loan? Note: Round your answers to the nearest cent.Ken just bought a house. He made a $20,000 down payment and financed the balance with a 25 year homew mortgage loan, with an annual interest rate of 5.4% compounded montrhly. His monthly mortgage payment is $867. What was the selling price of the home?Allen purchased a home for RO 108,000. He put down 20% and obtained a mortgage for 20 years at 11% interest. What is the amount financed by Allen?
- Ms. Tamper bought a house for $180,000. She put 20% down and obtained a mortgage loan for the balance at 4 1/4% for 30 years. a. Find the monthly payment. b. Find the total interest paid.wally bee purchased a home for $600,000 with a $150,000 down oayment. he financed the remainder with a 6% mortgage for 30 years. wallys bank has offered to lower the 6% interest rate on his 30 year loan to 5.50%. if wally will pay 1 7/8 points. what will the points cost wally?ken just bought a house. He made a $20,000 down payment and financed the balance with a 25 year home mortgage loan, with an annual interest rate of 5.4% compounded monthly. His monthly mortgage payment is $867. What was the selling price of the home?
- Ken just bought a house. He made a $15,000 down payment and financed the balance with a 25-year home mortgage loan with an annual interest rate of 5.1% compounded monthly. His monthly mortgage payment is $953. What was the selling price of the house?Nate agreed to pay $550,000 for a house. He made a $125,000 down payment and financed the balance using a 30-year, 9 % per annum compounded monthly conventional loan. a) How much were his monthly payments? b) If he sold the house for $700,000 after 6 years, how much equity did he have in the house? c) How much is his contribution to his loan (Principal and Interest)?Jen Logan bought a home in Iowa for $110,000. She put down 20% and obtained a mortgage for 30 years at 512%512% . What are Jen’s monthly payment and total interest cost of the loan? (Round the intermediate calculation and "monthly payment" to the nearest cent.)
