Mathematics, 21.04.2021 23:00 tgdetwiler2905

Robert took out an 80/20 mortgage to buy a $100,000 house. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has
an interest rate of 7.525%. Both mortgages are 30-year fixed-rate mortgages.
What is the total mortgage payment for this house?

Answers: 2

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Robert took out an 80/20 mortgage to buy a $100,000 house. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has an interest rate of 7.525%. Both mortgages are 30-year fixed-rate mortgages. What is the total mortgage payment for this house?

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Another question on Mathematics

Robert took out an 80/20 mortgage to buy a $100,000 house. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has
an interest rate of 7.525%. Both mortgages are 30-year fixed-rate mortgages.
What is the total mortgage payment for this house?