Amy and Chuck each buy a house in the same neighborhood for

Last updated: 8/10/2022

Amy and Chuck each buy a house in the same neighborhood for $250,000. Amy's monthly mortgage payment is $400 more per month than Chuck's. Which one of the following statements could explain this difference? Amy chose a shorter term for her mortgage, so her monthly payments are higher. Chuck has a lower credit score, so his interest payments are also lower. Amy made a larger down payment, so her monthly payments are also larger. Chuck made a larger down payment, so his monthly payments are larger.