You bought a house with price of $500,000. Your LTV (loan-to-value ratio) is 80%. You choose the 30-year mortgage with i
Posted: Wed May 18, 2022 11:33 pm
You bought a house with price of $500,000. Your LTV
(loan-to-value ratio) is 80%. You choose the 30-year mortgage with
interest rate 5%. Assuming the total transaction cost is
$15,000.
What will be your interest payments for the first 5 years?
58,054.80
13,891.20
32,685.33
96,152.07
(loan-to-value ratio) is 80%. You choose the 30-year mortgage with
interest rate 5%. Assuming the total transaction cost is
$15,000.
What will be your interest payments for the first 5 years?
58,054.80
13,891.20
32,685.33
96,152.07