Mathematics, 19.09.2021 14:00 Alexandragurule18

You plan to purchase a house for 475,000 you put down 20%. your evaluating a 30 year fixed mortgage at 2.72% and a 15 year fixed mortgage at 2.25%. your goal is to have a monthly payment that fits your budget. A. which mortgage will give you the lowest monthly payment? What is the payment ? How much less will it be than the other?
Assuming you take the full term mortgage , which will result in you paying the most interest? What is the interest?

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You plan to purchase a house for 475,000 you put down 20%. your evaluating a 30 year fixed mortgage...