What is the monthly payment for a Constant Payment Mortgage loan?What will the total of payments be for the entire 30 year period? Of this total, how much will be interest?
Please answer the following questions for a fixed-rate mortgage as a fully amortizing mortgage loan made for $175,000 at 4.5% interest for 30 years. What is the monthly payment for a Constant Payment Mortgage loan? What will the total of payments be for the entire 30 year period? Of this total, how much will be […]