Asked by selam
You want to purchase a new condominium which costs $329,000. Your plan is to pay 20 percent down in cash and finance the balance over 25 years at 6.25 percent. What will be your monthly mortgage payment?
Answers
Answered by
Steve
you will finance 80% of 329000 = 263200
just plug that into your amortization formula.
just plug that into your amortization formula.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.