Question

You are about to buy a house for $420,000. If you pay 5% down and borrow the rest at a 5.0% rate for 30 years, what will be your monthly payments? Round to the nearest cent.

Answer #1

I want to buy a house. The house costs $1,000,000. I put 20%
down and borrow the rest. If the mortgage is 30 years, and the rate
is 4.5%, what is the monthly payment?

You want to buy a $257,000 home. You plan to pay 10% as a down
payment, and take out a 30 year fixed loan for the rest.
Round all answers to the nearest cent as needed.
a) How much is the loan amount going to be?
$
b) What will your monthly payments be if the interest rate is
4.2%?
$
c) What will your monthly payments be if the interest rate is
5.2%?
$

You want to buy a $209,000 home. You plan to pay 5% as a down
payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
b) What will your monthly payments be if the interest rate is
6%?
c) What will your monthly payments be if the interest rate is
7%?

You want to buy a $247,000 home. You plan to pay 5% as a down
payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
$
b) What will your monthly payments be if the interest rate is
6%?
$
c) What will your monthly payments be if the interest rate is
7%?

You want to buy a $247,000 home. You plan to pay 5% as a down
payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
$
b) What will your monthly payments be if the interest rate is
6%?
$
c) What will your monthly payments be if the interest rate is
7%?
$

You want to buy a $233,000 home. You plan to pay 5% as a down
payment, and take out a 30 year loan for the rest.
a) How much is the loan amount going to be?
$
b) What will your monthly payments be if the annual interest rate
is 6%?
$
c) What will your monthly payments be if the annual interest rate
is 7%?
$

You are about to buy a million dollar house with a 20 percent
down payment. The mortgage has 5 percent stated annual interest
rate, compounded monthly, and calls for equal monthly payments over
the next 30 years. The first payment is due one month from now.
What is your monthly mortgage payment?
I know the answer si 4294.57
but I am having trouble understanding the second part of the
question
The mortgage terms require that at the end of year...

You want to borrow 500000 to buy a house. APR is 5% compounded
daily. Your payment schedule is 30 years with equal monthly
payments. Loan is fully paid when last payment is made. How much
will be your monthly payment?

You borrow $185,000 to buy a house. The mortgage interest rate
is 7.5 percent and the loan period is 30 years. Payments are made
monthly. What is your monthly mortgage payment?
$1,293.55
$953.70
$1,083.78
$1,153.70
$1,398.43

You
want to buy a home for $207,000. Your plan to pay 10% as a down
payment, and take out a 30 year loan for the rest.
How much is the amount going to be?
what will the monthly payments be if the interest rate is at
5%?
What will your monthly payments be if the interest rate is
6%?

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