In September 2024
Answer to Question #170491 in Financial Math for Thamar
Suppose that 10 years ago you bought a home for $170,000, paying 10% as a down payment, and financing the rest at 9% interest for 30 years.
Your existing mortgage (the one you got 10 years ago)
How much money did you pay as your down payment?
$
down payment"=10\/100\\times170,000=\\$17,000"
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#339914 on Dec 2023
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Dear Thamar, please use the panel for submitting new questions.
Suppose that 10 years ago you bought a home for $130,000, paying 10% as a down payment, and financing the rest at 7% interest for 30 years. Your existing mortgage (the one you got 10 years ago) How much money did you pay as your down payment? How much money was your existing mortgage (loan) for? What is your current monthly payment on your existing mortgage? How much total interest will you pay over the life of the existing loan?
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