Nicole is deciding between two mortgages for her new home. The first
mortgage is an 80/20 mortgage with interest rates of 4.75 and 7.525%,
respectively. The second mortgage is a 30-year mortgage with a 5.25% and a
$62.20 monthly PMI. If the house price is $175,000, which mortgage payment
will be lower initially, and by how much?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Nicole is deciding between two mortgages for her new home. The first mortgage is an 80/20 mortgage with interest rates of 4.75 and 7.525%, ...” 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
You Might be Interested in
1. A bus departs at 11:25 am and arrives at the next stop at 2:15 pm. What is the travel time? A. 9 hours 10 minutes B. 3 hours 50 minutes C. 2 hours 50 minutes 2.
Answers (1)
The area of w is 289 pi m². Find the circumference of w A. c=17 pi m B. c = 34 pi m C. c=68 pi m D. c=289 pi m
Answers (2)
There are 12 players on a new softball team total registration is $572 and they also need to spend 1,240 on equipment players raised $786 and to pay the rest off decide to sell candles for $9.50 how much candles does each player have to sell
Answers (1)
There are 20 cookies and 40 slices of pizza to be shared equally. Each student had the same number of whole cookies and same number of pizza with nothing left over.
Answers (2)
How do you solve 2.7 repeating 7
Answers (1)
New Questions in Mathematics
Write the number in exponential notation: 2x2x2x2x2x3x3x5x5x5 24 x 3² x 5² 2² x 34 x 52 2x3x5 23x32x5
Answers (1)
Solve - 14 + 5x = - 12 really need this answer
Answers (2)
Doug and Ken are meeting for lunch at Rodrigo's Mexican Restaurant. Doug's work place is 5 miles from the restaurant and Ken's work place is 7 miles from the restaurant.
Answers (1)
6x2/5 will be greater or less than 2/5
Answers (1)
Over winter break, Raymond worked 12.5 hours at the library and 20.5 hours at a café. The library paid him $13 per hour. If he earned a total of $459.75 from both jobs, how much did the café pay Raymond per hour?
Answers (1)