1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Burka [1]
1 year ago
10

PLEASE HELP ME!!!!!

Mathematics
1 answer:
solong [7]1 year ago
3 0

The full workings for the house purchase you made on a mortgage are as follows:

1. Price of House = $499,000 (given)

2. Down Payment = $99,800 ($499,000 x 20%)

3. Amount Financed (Mortgage principal) = $399,200 ($499,000 - $99,800).

4. Monthly Payment = $2,522.94 (given)

5. Number of monthly payments = 360 months (30 x 12)

6. Total Payback = $908,258.40 ($2,522.94 x 360)

7. Total Interest = $509,058.40 ($908,258.40 - $399,200)

8. Assessed Valuation = $199,600 ($499,000 x 40%)

9. Real Estate Taxes (annual) = $6,047.88 ($199,600 x $3.03/$100)

10. Escrow Payment Per month (taxes & insurance) = $628.99 ($6,047.88 + $1,500)/12

11. Monthly Payment to lender (escrow + mortgage) = $3,151.93 ($628.99 + $2,522.94)

<h3>What is a mortgage?</h3>

A mortgage is a loan arrangement that allows a borrower to buy some property, usually a house, without paying for the full cost immediately.

The borrower then makes a monthly payment, which includes the principal and its interest.

Learn more about mortgage payments at brainly.com/question/22846480

#SPJ1

You might be interested in
Write 9.202 using words
Elden [556K]

Answer:

Nine point two hundred two

6 0
2 years ago
Will mark as brainliest if right
melisa1 [442]
12.25m^2 because you’re finding area
A=l•W
A=3.5•3.5
A=12.25
4 0
3 years ago
Read 2 more answers
A recipe calls for 2/3 cup of butter. Sticks of butter are divided into 1/4 cup sections. How many sections of butter will the r
Phoenix [80]

Step-by-step explanation:

They answer is your mom

5 0
2 years ago
Read 2 more answers
Help Please Will Give Brainliest
il63 [147K]
31 I think I’m not sure may be wrong
7 0
3 years ago
Read 2 more answers
2.5 x .27 in area model
dem82 [27]

Answer:

2.5 x 0.27 =

0.675

hope dis helps ^-^

5 0
3 years ago
Read 2 more answers
Other questions:
  • How do I solve 4(2+3)-(6+1)+2
    9·1 answer
  • The population of a pack of wolves is 88. the population is expected to grow at a rate of 2.5% each year. what function equation
    5·2 answers
  • Al ate a quarter of a pie. that means he ate(half, third or quarter) of it?​
    15·2 answers
  • What is the value of the expression 7−3 ?
    5·1 answer
  • Which expression is a trinomial?<br> 2x² + 2x - 4<br><br> 7x^3 - 2X<br><br> 50x<br><br> 2x²
    11·2 answers
  • Find the 14th term of the geometric sequence 6, -18,54, ...
    10·2 answers
  • -2,-5,-8,-11 41st term
    9·2 answers
  • 20a + 158 + 6c = 20 (6) +15(4) + 6(8)<br> ?<br> ?<br> +<br> ?<br> 2<br> +<br> ?
    7·1 answer
  • Need HELP ASAP TEST plsss
    13·1 answer
  • I need help with question 3 part B please !
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!