Mortgage rate-what would be your monthly payment

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Reference no: EM13877925

On June 1, you borrowed $195,000 to buy a house. The mortgage rate is 2.5%. The loan is to be repaid in equal monthly payments over 15 years. All taxes and insurance premiums are to be paid separately. What would be your monthly payment?

approx. $1850

approx. $1500

approx. $1450

approx. $1300

approx. $1600

Reference no: EM13877925

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Mortgage rate-what would be your monthly payment : On June 1, you borrowed $195,000 to buy a house. The mortgage rate is 2.5%. The loan is to be repaid in equal monthly payments over 15 years. All taxes and insurance premiums are to be paid separately. What would be your monthly payment?

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