Calculate the total interest payment over the 30 year period

Reference no: EM133426113

Question: Value of the house 200,000. You are using a 30-year mortgage. Also, you are putting down 20%. (Please show your work)

You have two options:

a. Mortgage rate of 4.5%. Find the monthly papyment.

b. Calculate the total interest payment over the 30 year period.

Reference no: EM133426113

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