Types of Mortgages
Not what you're looking for?
Here is a type of mortgage problem that I always have trouble with. I think I can get the first part just fine but get stuck on part 2. If you can work it out slowly, it would be helpful.
Question:
You buy a house for $500,000 and put 20% down payment. You get a 30 year fixed rate mortgage at 6.2% .
A) What is your monthly payment?
B) How much would you save if you pay an extra $100 per month?
Purchase this Solution
Solution Summary
Mortgages are discussed.
Purchase this Solution
Free BrainMass Quizzes
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Learning Lean
This quiz will help you understand the basic concepts of Lean.