What is the payment for your house loan

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Reference no: EM131051111

Dream House $1,724,000

a) What is the payment for your house loan for a 30 year loan with a rate 3.3%

b) What is the payment for your house loan for a 15 year loan with a rate 2.7%

c) How much will you pay overall for your dream house for the 30 year loan and how much will you pay overall for your dream house for the 15 year loan

d) Which is better for the short term and by how much

e) Which is better for the long term and by how much

f) if you wanted to refinance your home in 12 years, how much will you have left to refinance on the 30 year loan? (time left)

Reference no: EM131051111

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