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liq [111]
3 years ago
7

You are considering purchasing a house in Collin County that costs $350,000. You are debating whether to finance the house for 1

5 or 30 years. The 15-year mortgage allows you to pay off the house quicker at an interest rate of 2%. However, the 30-year mortgage offers a lower mortgage payment at an interest rate of 2.75%. Which of the following answers is closest to the difference between the 15 and 30-year monthly mortgage payment?
a. 800
b. 600
c. 400
d. 1200
e. 1000
Business
1 answer:
Dennis_Churaev [7]3 years ago
8 0

Answer:

d

Explanation:

i believe this should be correct

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