Math Question 9 - Mortgage PI Calculation

Math Question 9 - Mortgage PI Calculation. Math Modeling: Mortgage

Math Question 9 - Mortgage PI Calculation video duration 12 Minute(s) 14 Second(s), published by Bruno Quintela on 07 04 2019 - 03:50:39.

A house was listed for $249999
The Smiths offered $225000, the sellers countered with $235000, and the Smiths accepted the counteroffer
They are making a

Wondering how much you'd pay a month on that Mortgage? Here's some easy math to tell you if you can afford that house
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Question: Joe has a

A house was listed for $249,999. The Smiths offered $225,000, the sellers countered with $235,000, and the Smiths accepted the counteroffer.
They are making a down payment of 20% and financing the rest at 5.25% for 30 years.
How much will their monthly principal and interest payment be?

a. $1,039.64
b. $1,106.99
c. $1,244.50
d. $1,299.50

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