Mathematics, 11.07.2019 16:30 staffordkimberly
Afamily wants to purchase a house that costs $ 165 comma 000 165,000. they plan to take out a $ 125 comma 000 125,000 mortgage on the house and put $ 40 comma 000 40,000 as a down payment. the bank informs them that with a 15-year mortgage their monthly payment would be $ 742.97 742.97 and with a 30-year mortgage their monthly payment would be $ 511.08 511.08. determine the amount they would save on the cost of the house if they selected the 15-year mortgage rather than the 30-year mortgage. how much would they save if they selected the 15-year mortgage?
Answers: 1
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Afamily wants to purchase a house that costs $ 165 comma 000 165,000. they plan to take out a $ 125...
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