Find the adjusted monthly payment including principle

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Reference no: EM131884657

1. Cindy and Rick purchased a home for $145,000 and financed it with a 30 day fixed rate loan at 6.25% annual interest. If they put a 20% down payment on the house, what would be their monthly payment for principle and interest?

2. If cindy and rick (continuing first problem) pay for their home over the full 30 years, what total interest will they have paid?

3. f cindy and rick (continuing first problem) pay $1,440 annually for insurance and $2,880 in property taxes, find the adjusted monthly payment including principle, interest, taxes, and insurance (PITI).

Reference no: EM131884657

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