Answer:
low cash to mortgage, two bedroom one bedroom. Qualifying Low monthly payments
555-834-3674 Norris Realty
1 x 48
2 x 24
3 x 16
4 x 12
6 x 8
Answer:$728
Step-by-step explanation:
$156,000 less 20% is $124,800.
That is the amount that is being financed. If the rate is7% per year the first months interest is:
124,800*.07/12 = $728
You didn't ask but if the mortgage is like most conventional mortgages the 30 * 12 = 360 payments are all approximately equal, with less money expended on paying down the principal at first. Their equal payment would be: $830.30
