The total of all monthly payments plus the amount of the mortgage equals the total cost of interest.
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Q6: Banks cannot provide amortization schedules to borrowers.
Q7: A variable rate mortgage is always fixed.
Q8: A larger down payment is needed for
Q9: Interest rates on mortgages do not vary
Q10: A monthly payment of $850 on a
Q12: Interest is equal to principal times rate
Q13: From the table in the handbook, the
Q14: The amount of the down payment one
Q15: From the table in the handbook, the
Q16: Points are to be paid off as
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