8. You are applying for a mortgage loan at 4.25% over 30 years with monthly payments. The home you are considering is at

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8 You Are Applying For A Mortgage Loan At 4 25 Over 30 Years With Monthly Payments The Home You Are Considering Is At 1 (44.12 KiB) Viewed 28 times

8. You are applying for a mortgage loan at 4.25% over 30 years with monthly payments. The home you are considering is at a price of $229,000. Lenders are offering 80% loan to value mortgages to you. What will be your monthly mortgage payment for principal and interest a $623.22 b. $653.81 c. $901.23 d. $377.20 9. Same facts as #8. what will be the balance of the loan after you have paid for a full 10 years a $109,877 b. $145,540 c. $111.765 d. $97.027 10. Same facts as #8. how long will it take you to pay off 75% of the loan ? a. About 25.3 years b. About 29 years C. 270 months d. 24 and years 11. Same facts as #8 above, what was the original balance of the loan a. $118.400 b. $143,200 c. Cannot determine given these facts d. $183,200