Question

For a 15 year mortgage of $200000 at 5.125%, how much money was paid back to the lender at the end of the 15 years?

Answer 1

Answer:

Step-by-step

Monthly payments on a $200,000 mortgage

At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total $954.83 a month, while a 15-year might cost $1,479.38 a month.explanation:

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Monthly payments on a $200,000 mortgage

At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total $954.83 a month, while a 15-year might cost $1,479.38 a month.