You want to buy a $230,000 home. You plan to pay 20% as a down payment, and take out a 30 year fixed loan for the rest. Round al
l answers to the nearest cent as needed.
1 answer:
Amount of down payment = $46000
Mortgage needs = $184000
<u>Solution:</u>
From the given,
Cost of the house =
Percentage of down payment =
Number of years of fixed loan = 30
It can be concluded that the total down payment for the house and mortgage needs would be
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