Posted by **TRAY** on Sunday, August 12, 2012 at 2:26pm.

Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information:

Escrow payment

$211.13

Principle and Interest payment

$706.12

Total Payment

$917.25

Current Loan Balance

$112,242.47

Explain whether or not it would be reasonable to do this is if you currently meet your monthly expenses with less than $100 left over.

- MATH -
**Henry**, Sunday, August 12, 2012 at 8:51pm
See previous post.

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