Mathematics, 03.12.2020 19:50 tegaoks6843

Dudley took out an 80/20 mortgage to buy a $145,000 house. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has
an interest rate of 7.525%. Both mortgages are 30-year fixed-rate mortgages.
What is the total mortgage payment for this house?
A. $203.27
B. $730.31
C. $808.38
D. $605.11

Answers: 3

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Dudley took out an 80/20 mortgage to buy a $145,000 house. The first (80%) mortgage has an interest...

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