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22 June, 04:56

You are purchasing a house 12 years from now. The estimated purchase price is $171,600.00. You want to make a 20% down payment. You are trying to determine how much to save per month to reach your goal. If closing costs are 8.7%, how much additional money do you need to save per month to cover the additional expense?

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  1. 22 June, 05:02
    0
    Need 34,320 for 20% down divide by 12 years and then by 12 months = 238.33 per month (assume no interest on savings, rounding occurs
  2. 22 June, 06:42
    0
    You need to save $19,390.8
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Home » Mathematics » You are purchasing a house 12 years from now. The estimated purchase price is $171,600.00. You want to make a 20% down payment. You are trying to determine how much to save per month to reach your goal. If closing costs are 8.
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