Juan wants to buy a condo with a 30-year amortized loan. The condo is price at $338,000.00. He wants to put 10% down to avoid paying Private Mortgage Insurance, PMI. His credit union is offering a rate of 3.25% compounded monthly. How much is he financing (price minus down payment)?

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11-06-2024
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Juan wants to buy a condo with a 30-year amortized loan. The condo is price at $338,000.00. He wants to put 10% down to avoid paying Private Mortgage Insurance, PMI. His credit union is offering a rate of 3.25% compounded monthly. How much is he financing (price minus down payment)?

Sagot :

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Juan wants to buy a condo with a 30-year amortized loan. The condo is price at $338,000.00. He wants to put 10% down to avoid paying Private Mortgage Insurance, PMI. His credit union is offering a rate of 3.25% compounded monthly. How much is he financing (price minus down payment)?

Sagot :

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