Posted by Brittany on .
Say that you purchase a house for $270,000 by getting a mortgage for $235,000 and paying a $35,000 down payment. If you get a 15-year mortgage with a 8 percent interest rate, what are the monthly payments?
assume a bank loan requires an interest payment of $85 per year ans a principal
payment of $1000 at the end of the loan eighty year life.