A 22-year old college graduate just got a job in Nashville. She is considering buying a...
A 22-year old college graduate just got a job in Nashville. She is considering buying a house with a $160,000 mortgage. The APR is 6% compounded monthly for her monthly mortgage payments on a 33-year fixed rate loan. If she can get her FICO score up to 750, the APR drops to 5.6%. How much in interest cost will she save over the life of the loan assuming she can increase her FICO score to 750?
Homework Answers
Note :- You can simply Use Loan Calculator Also to find the Total interest over the Life of the Loan Values for Both 2 Condition.
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