Ask Question
14 September, 10:22

Which combination of factors would result in the lowest monthly mortgage payment?

ABig down payment, a shorter term loan, and high interest rate

BBig down payment, a longer term loan, and low interest rate

CSmall down payment, a shorter term loan, and small interest rate

DSmall down payment, a shorter term loan, and high interest rate

+5
Answers (1)
  1. 14 September, 10:44
    0
    The combination of factors that would result in the lowest monthly mortgage payment is "Small down payment, a shorter term loan, and small interest rate". This has the lowest monthly mortgage since if we base our calculations on the relationship of the principal amount and the monthly payments, the lowest rate would be with low-interest rate, small down payment and short term loan.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which combination of factors would result in the lowest monthly mortgage payment? ABig down payment, a shorter term loan, and high interest ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers