Mathematics, 01.06.2021 20:00, IkarosSakurai

Robert took out an 80/20 mortgage to buy a $100,000 house. The first (80%) mortgage has an interest rate of 4.75%, and the second (20%) mortgage has
an interest rate of 7.525%. Both mortgages are 30-year fixed-rate mortgages.
What is the total mortgage payment for this house?
O A. $140.19
O B. $557.51
O C. $439.87
O D. $417.32

Answers: 3

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Robert took out an 80/20 mortgage to buy a $100,000 house. The first (80%) mortgage has an interest...