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You are interested in purchasing a $400,000 home. Interest rates are currently about 4.0% for 30...

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Finance

You are interested in purchasing a $400,000 home. Interest ratesare currently about 4.0% for 30 year loan. Ignoring taxes,insurance, and any possible mortgage insurance, if you put down 5%,what will your payment be? If you choose a 15 year mortgageinstead, the interest rate will be 3.5%. What will your payment bewith the 15 mortgage?

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You are interested in purchasing a $400,000 home. Interest ratesare currently about 4.0% for 30 year loan. Ignoring taxes,insurance, and any possible mortgage insurance, if you put down 5%,what will your payment be? If you choose a 15 year mortgageinstead, the interest rate will be 3.5%. What will your payment bewith the 15 mortgage?

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