The price of a home is 270 000 The bank requires a 5 down

Last updated: 11/14/2023

The price of a home is 270 000 The bank requires a 5 down payment The home is financed with a 20 year mortgage at 7 Payment 1 P O 11 nxt Find a down payment b amount of mortgage c monthly payment d total cost of interest over 20 years Round answers to the nearest cent a down payment 13 500 b amount of mortgage 256 500 c monthly payment 1988 64 d total cost of interest over 20 years 477273 60 a down payment 13 500 b amount of mortgage 256 500 c monthly payment 624 04 d total cost of interest over 20 years 477273 60