subject
Mathematics, 06.05.2020 06:03 malachijwilson5

(40 points) Part I: Harper is shopping for a home and a mortgage for $175,800 with which to purchase this home. In her search, she was eligible for three different mortgages:
a 30-year, fixed-rate mortgage at 6.15%
a 30-year, 6/1 adjustable-rate mortgage at 5.89% with a 2/9 cap
a 30/6 balloon mortgage at 5.1%

Which mortgage has the least expensive initial monthly payment? How do you know?

Part II: Which mortgage is likely to have the lowest total cost? Why?

Part III: What are the advantages and disadvantages of a fixed-rate mortgage, an adjustable-rate mortgage, and a balloon mortgage?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
F(x)= 4x g(x) =x-1 what is f(x) divided by g(x)
Answers: 2
question
Mathematics, 21.06.2019 17:30
If i have one apple and give you the apple, how many apples do i have?
Answers: 2
question
Mathematics, 21.06.2019 18:30
How to use order of operation in 20 divide by 4 multiply 5 = 1
Answers: 1
question
Mathematics, 21.06.2019 19:00
What is the equation of the line in point-slope form? y+ 4 = 1/2(x+4) y-4 = 1/2(x + 4) y-0 = 2(x - 4) y-4 = 2(8-0)
Answers: 2
You know the right answer?
(40 points) Part I: Harper is shopping for a home and a mortgage for $175,800 with which to purchase...
Questions
question
Mathematics, 23.05.2021 17:20
question
Mathematics, 23.05.2021 17:20
question
Mathematics, 23.05.2021 17:20
question
Mathematics, 23.05.2021 17:20
question
Mathematics, 23.05.2021 17:20
question
English, 23.05.2021 17:20