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You are interested in purchasing the Malibu home below (sale price of $22,000,000, mortgage rate...

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Finance

You are interested in purchasing the Malibu home below (sale price of $22,000,000, mortgage rate of 3.955%, 20% down payment, 30 year fixed mortgage). Using all of the information below, how much principal would you pay [ Select ] ["$26,714", "$25,646", "$26,158", "$25,816"] during month 2? How much would your monthly payment go up today [ Select ] ["$11,428", "$13,428", "$9,428", "$10,428"] if interest rates went up 1% annually today?

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