Mathematics, 14.04.2021 16:30 zgueyeu

You are applying for an 80/20 mortgage to buy a house costing $100,000. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%)
mortgage has an interest rate of 7.525%. Both the first mortgage and the
second mortgage are 30-year fixed-rate mortgages. What will the total
amount of the mortgage be?

Answers: 1

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You are applying for an 80/20 mortgage to buy a house costing $100,000. The first (80%) mortgage ha...