Mathematics, 26.04.2021 03:10 Scotdouglas346

Stella wants to buy a $177,000 house, and she is comparing a 7/1 ARM with an interest rate of 8 75%, amortized over 30 years, with a 7/23 balloon mortgage that has an
interest rate of 8.25%
24. What would Stella's monthly payment be for the 7/1 ARM?

Answers: 1

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Stella wants to buy a $177,000 house, and she is comparing a 7/1 ARM with an interest rate of 8 75...

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Stella wants to buy a $177,000 house, and she is comparing a 7/1 ARM with an interest rate of 8 75%, amortized over 30 years, with a 7/23 balloon mortgage that has an interest rate of 8.25% 24. What would Stella's monthly payment be for the 7/1 ARM?

Answers

Another question on Mathematics

Stella wants to buy a $177,000 house, and she is comparing a 7/1 ARM with an interest rate of 8 75%, amortized over 30 years, with a 7/23 balloon mortgage that has an
interest rate of 8.25%
24. What would Stella's monthly payment be for the 7/1 ARM?