A loan officer states, "Thousands of dollars can be saved by switching to a 15-year mortgage from a 30-year mortgage."...

profiletin.hi

A loan officer states, "Thousands of dollars can be saved by switching to a 15-year mortgage from a 30-year mortgage." Calculate the difference in payments on a 30-year mortgage at 9% interest versus a 15-year mortgage with 8.5% interest. Both mortgages are for $300,000 and have monthly payments. What is the difference in total dollars that will be paid to the lender under each loan

    • 10 years ago
    • 999999.99
    Answer(2)

    Purchase the answer to view it

    blurred-text
    NOT RATED

    Purchase the answer to view it

    blurred-text
    NOT RATED
    Bids(0)