Robin Smith bought a $150,000 home and applied for a 90% conventional loan at 9% with a 30 year term. The amortization factor is

Question

Robin Smith bought a $150,000 home and applied for a 90% conventional loan at 9% with a 30 year term. The amortization factor is 8.05. 
1. What is Robin's monthly payment of principal & interest?

Kunduz · Accepted Answer

Click to see the answer