Seven years ago, lan purchased a $265,000 home with a 30-year mortgage at
3.5%. having recently lost his job, he can no longer afford to make his
mortgage payments. if he currently owes $225,368.29 and his lender offered
to extend the loan by 7 years at 3.25%, what will be his new mortgage
payment?
a. $983.23
b. $915.09
c. $973.36
d. $980.82
submit