Keith is taking out a $200,000, 30-year mortgage at 4.25% interest. Keith wishes to know how much principal he will have paid down by the time he has made half of the monthly payments on his loan.
A) $68,845
B) $69,132
C) $69,213
D) $70,453
E) $100,000
Correct Answer:
Verified
Q86: Sam took out a 30-year, $450,000, 4.125%
Q87: The CPR for a seasoned 150 PSA
Q88: You recently assumed a 15-year mortgage for
Q89: The CPR for a seasoned 150 PSA
Q90: You have a 30-year, $160,000 mortgage. The
Q91: What is the monthly mortgage payment on
Q92: You have a 25-year, $300,000 mortgage at
Q94: You have a 20-year, $225,000 mortgage at
Q95: You have a 25-year mortgage at 5%
Q96: You just took out a 30-year mortgage
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents