What will be your monthly payment on a $500,000.15 and 30 year mortgage if the rate is 7.15% for people with good credit and 14.95% for people with bad credit for calculations. The mortgage is $500,000 not the price of the house. You will have to adjust bank rate.com default of 20% down to 0% down 500 K mortgage. Also, how much interest will you pay over the life of the four loans you just calculated Good credit (7.15%) - 15 year-30 year Bad credit (14.95%) - 15 year - 30 year

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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What will be your monthly payment on a $500,000.15 and 30 year mortgage if the rate is 7.15%
for people with good credit and 14.95% for people with bad credit for calculations. The mortgage
is $500,000 not the price of the house. You will have to adjust bank rate.com default of 20%
down to 0% down 500 K mortgage. Also, how much interest will you pay over the life of the four
loans you just calculated
Good credit(7.15%) - 15 year - 30 year
Bad credit (14.95%) - 15 year- 30 year
Transcribed Image Text:What will be your monthly payment on a $500,000.15 and 30 year mortgage if the rate is 7.15% for people with good credit and 14.95% for people with bad credit for calculations. The mortgage is $500,000 not the price of the house. You will have to adjust bank rate.com default of 20% down to 0% down 500 K mortgage. Also, how much interest will you pay over the life of the four loans you just calculated Good credit(7.15%) - 15 year - 30 year Bad credit (14.95%) - 15 year- 30 year
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