Pablo took out an 80/20 mortgage to buy a house that cost $140,000. The first (80%) mortgage
h...
Mathematics, 10.02.2020 21:57, mosthatedpicky1
Pablo took out an 80/20 mortgage to buy a house that cost $140,000. The first (80%) mortgage
has an interest rate of 4.75%, and the second (20%) mortgage has an interest rate of 7.525%. Both
the first mortgage and the second mortgage are 30-year fixed-rate mortgages. What is the total
monthly mortgage payment for the house?
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Answers: 2
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