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Consider a home mortgage of $175,000 at a fixed APR OF 4.5% for 15 years
a Calculate the monthly payment.
b. Determine the total amount paid over the term of the loan
c. Of the total amount paid, virat percentage is paid toward the principal and what percentage is paid for interest

Sagot :

AnnieBarader15s

Answer:

Annual Percentage Rate Calculator

APR: 5.3573%

Total Financial Charges: $38,619.77

Amount Financed: $174,000.00

Total Payments: $212,619.77

Total Loan: $179,500.00

Quarterly Payment: $7,087.33

Total Interest: $33,119.77

Total Financing Fees: $5,500.00

Step-by-step explanation:

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