Weston is buying a house for $215,000. He is financing $185,000 and obtained a 30-year, fixed-rate mortgage with a 6.525% interest rate. How much are his monthly payments?

Question

Yasmine Frazier

Mathematics

14 October, 22:29

Weston is buying a house for $215,000. He is financing $185,000 and obtained a 30-year, fixed-rate mortgage with a 6.525% interest rate. How much are his monthly payments?

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Eduardo Livingston · Answer 1

For the answer to the question above asking How much are Weston's monthly payments if Weston is buying a house for $215,000. He is financing $185,000 and obtained a 30-year, fixed-rate mortgage with a 6.525% interest rate.?

PV 185,000, N 360, R 6.525% / 12 =.54375%. the answer is Pmt = 1,172.37