Computers and Technology, 25.09.2019 02:30, ryleigh1780

3. find an online mortgage calculator and estimate what the monthly payment would be for the property you chose. first, multiply the price of the home you want to buy by 0.1 to calculate the 10 percent down payment you will need to obtain a mortgage. what is the 10 percent down payment amount? next, subtract the down payment amount from the cost of the property. the result is the amount of money you will need to borrow from the bank. what is the amount? enter this figure in the online loan calculator as the loan amount. set the calculator to figure a 30-year mortgage, with a 5.0 percent interest rate, annual taxes of $3,000, and an annual insurance cost of $1,000. now calculate. what will your monthly payment be? how much more will it cost each month to own versus renting? based on this activity, do you plan to rent or to buy? explain.
3rd part to economics assignment and

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3. find an online mortgage calculator and estimate what the monthly payment would be for the propert...