if i buy a house for $184,000, and plan on paying a down payment of 10% and doing a 30 year loan plan, what will the loan cost?
To calculate the loan cost, we need to consider the down payment and the loan amount after deducting the down payment.
The down payment is 10% of the house price, which is 0.10 * $184,000 = $18,400.
The loan amount will be the remaining price after the down payment, which is $184,000 - $18,400 = $165,600.
To determine the loan cost, we need to know the interest rate on the loan. Please provide the interest rate, and I will gladly calculate the loan cost for you.