Ask Question
5 January, 18:50

The Johnsons are buying a house that costs $210,000 and can afford a 20% down payment. If the Johnsons want the lowest monthly payment, which loan option would you recommend? a. 30 year FHA, 3.5% down at a fixed rate of 6.25% b. 30 year fixed, 20% down at a fixed rate of 6% c. 30 year fixed, 10% down at a fixed rate of 6% d. 15 year fixed, 20% down at a fixed rate 5.5%

+3
Answers (1)
  1. 5 January, 19:00
    0
    The correct answer to this question is letter " b. 30 year fixed, 20% down at a fixed rate of 6%"

    From the facts that are given, the house that costs $210,000 with a 20% down payment whom the Johnsons can afford. The idea in solving this problem is to try and solve all the possible choices. The one with the lowest value is the correct answer.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The Johnsons are buying a house that costs $210,000 and can afford a 20% down payment. If the Johnsons want the lowest monthly payment, ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers