Filomena 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
$42.56 monthly PMI. If the house price is $100,000, which mortgage payment
will be lower initially, and by how much?
A. 30-year mortgage by $33.28
B. 30-year mortgage by $39.55
C. 80/20 mortgage by $37.25
D. 80/20 mortgage by $55.01
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Filomena is deciding between two mortgages for her new home. The first mortgage is an 80/20 mortgage with interest rates of 4.75 and ...” 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
Find the sum of the geometric series 1 + 0.8 + 0.8^2 + 0.8^3 + ... + 0.8^{19}
Answers (1)
Substitution method x = - 2y 2x+5y=-1
Answers (2)
What's 4 to the power or 5
Answers (2)
Luke's dad need 165 for a new suitcase. If he saves an equal amount for 3 weeks, how much does save each week?
Answers (1)
What is a 25% decrease from 60
Answers (1)
New Questions in Mathematics
Which relation is a function? A. (6, 5), (1, 1), (6, 4) B. (0, 1), (2, 3), (2, 5) C. (8, - 2), (-2, 5), (6, 0) D. (-2, 3), (-5, 9), (-5, 3)
Answers (2)
Given tanx = 7/24. What is csc X
Answers (1)
the population of the US was 282 million in the year 2000. and 309 million in the year 2010. assuming that the US population follows the model of uninhibited population growth, what will the population be in the year 2050?
Answers (1)
X+5/5=x+9/7 x equals?
Answers (2)
In the similar triangles used in indirect measurement with the shadows of a flagpole and a person, which sides of the triangles represent the rays of the sun?
Answers (1)