How much is the total monthly payment for mortgage

Reference no: EM131947361

You decide to buy a house for a total of $321508. To get a mortgage loan, you make a 10% down payment, and the bank will lend you the rest. The interest rate quoted for this loan is 3% APR, and the loan will be paid (and interest compounded) every month, for the next 30 years. How much is the TOTAL monthly payment for this mortgage?

Reference no: EM131947361

Questions Cloud

Cost of production for the company to develop profit model : Which of the following is necessary to calculate the variable cost of production for the company to develop a profit model?

What is project terminal cash flow : Your company is considering the purchase of a new machine. The firm's corporate tax rate is 40%. What is the project's Terminal Cash Flow??

Consider when purchasing and installing a ups : Mary Ann would like you to first learn about some of the important features to consider when purchasing and installing a UPS

What do you see changing in the training and development : What do you see changing, going away, developing, etc. in the training and development industry within the next 10 years and in the next 20 years.

How much is the total monthly payment for mortgage : How much is the TOTAL monthly payment for this mortgage?

Pros and cons of wired and wireless networks : Describe the pros and cons of both wired and wireless networks. Compare 100BaseT to the 802.11g standard.

How many units of e do we need to meet xs demand : We are scheduled to make 325 units of X today. The warehouse tells us that we have 57 units of B and 35 units of C available.

What is your predicted price of the bond : A bond currently has a price of $1, 050. You own a bond that has a duration of 10 years. Interest rates are currently 10%, but you believe the Fed.

Capital must be invested in risky fund : If the client wants the expected return of her total investments to be 7%, what percentage of her capital must be invested in the risky fund?

User Account

All Pages