Question:

What are the payments on 150,000.00 on a 30 year loan with 8% interest?

Answer:

It takes 40-year borrowers much longer to build up equity, too. On a $150,000, 30-year loan at 8 percent, $100 of the first $1,100 payment goes toward reducing the principal balance.


Tags:
Mortgage
United States housing bubble
Finance
Banking
Law
Real estate
Negative amortization
Adjustable-rate mortgage
Business Finance
USD
Related Websites:


News:


Terms of service | About
30