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What would be the monthly payments on the mortgage

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Reference no: EM132554674

You are considering purchasing a home with a price of $150,000. You will make a 20% downpayment and finance the rest with a 30-year fixed rate mortgage with monthly payments. The current interest rate is 3.75%. What would be the monthly payments? What would be the monthly payments on the mortgage if you took out a 15-year mortgage with a current interest rate of 3.25%?

Reference no: EM132554674

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