Bill and Susan bought a home for $190,000 and made a 20% down payment. They got a fixed mortgage at 3.5% for 20 years. What will their payments be monthly

Scott & Rebecca can afford to pay $4,000.00 each month for a mortgage. Their credit union is offering home loans at 4.375%. If they take out a 30-year mortgage how much can they afford to borrow?

Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a monthly payment of $595.50. After 3 years, Angela decides to purchase a new car. What is the payoff on Angela's loan?

Marie and Danny Would like to buy a house for $220,000. The down payment for the mortgage is 30% of the price of the house. To earn the down payment, they invest $2500 a quarter at 6.2% compounded quarterly. They take a 30-year home mortgage for the rest of the price of the house at 7.3% compounded monthly. They make their regular monthly payments for 5 years, then decide to pay $2000 per month.   How much is the down payment? How long will it take Marie and Danny to earn the down payment if they invest $2500 a quarter at 6.2% compounded quarterly? How much is the loan for the mortgage? What is the regular monthly payment? What is the unpaid balance when they begin paying the $2000? How many payments of $2000 will it take to pay off the loan? Give the answer correct to wo decimal places. How much interest will they save by paying the loan this way? Use your answer from #6 to find.

Emma bought a $360,000.00 house, paying 10% down, and financing the rest at 2% interest for 20 years. A. What is the monthly payment? Emma has a payment of __?__a month. How much interest will be paid over the life of the loan? Emma will pay __?__ in interest over the life of the loan.

Mateo and Klaus have now saved up their down payment to buy a home, but they still need to borrow to cover the rest.  For the home they want this will require a mortgage of $585,000 to cover the remaining amount and they're not sure whether they could afford the monthly loan payments.  The bank has offered them a mortgage interest rate of 5.15%, compounded semi-annually.  How much would they have to be able to afford to pay each month in order to pay off their mortgage in 25 years? [Blank-1]What is the total amount of interest that would be paid to the lender after 25 years of payments? [Blank-2]What if Mateo and Klaus could only afford a monthly payment of $2,500?  What would be the maximum mortgage amount they could afford to borrow from the bank, if all the other conditions were the same? [Blank-1]What is the total amount of interest that would be paid to the lender over 25 years? [Blank-2]

Paul and Paula are purchasing a home for a price of $500,000. To avoid paying mortgage insurance, they will make a down payment of 20% of the price or $100,000. They will finance the remaining $400,000 with a 30-year, monthly payment, amortized mortgage at a fixed 7.2% nominal interest rate, with the first payment due in one month. What will the size of their monthly payment be?

Dave and his Partner decide to buy a house price of $730,000. they put 20% down, and their mortgage is 4.98 compounded monthly amortized over 25 years. what is thier monthly payment?