If you purchase a home for $165k at 5% interest, what would the monthly payments be for a 15 year mortgage and for a 30 year mortgage?
Which mortgage would you choose and why?© BrainMass Inc. brainmass.com March 4, 2021, 6:01 pm ad1c9bdddf
15 years: monthly payment of $1,304.81
30 years: monthly payment of $1,084.01
It depends on what your goals are as to which mortgage you would choose. .........