raysor83 raysor83

01-08-2020
Mathematics

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You bought a house for $265,200 and obtained a 30-year mortgage at an annual interest rate of 5.7%. After 10 years, you still owe $175,032. You decide to refinance by taking out a new 20year mortgage at 3.9%. How much will you save in interest over the 2020 years?

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samantha2005ra samantha2005ra

01-08-2020

Answer: after paying off the loan and decreasing the money on the house will allow you to get a down pay

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