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Mathematics, 19.07.2019 17:00 sadieismichaeljackso

Jacqueline is deciding between two mortgages for her new home. the first mortgage is an 80/20 mortgage with interest rates of 4.75 and 7.525%, respectively. the second mortgage is a 30-year mortgage with a 5.25% and a $58.30 monthly pmi. if the house price is $145,000, which mortgage payment will be lower initially, and by how much?

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