Currently, 30-year and 15-year mortgage loans can be taken with 3% and 2.5% annual interest rates,...

Currently, 30-year and 15-year mortgage loans can be taken with 3% and 2.5% annual interest rates, respectively. If you want to purchase a $300,000 value house with a 5% down payment. What would be your monthly payments for each mortgage loans; 30-year? and 15-year mortgages? Please show me the work?

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jeff jeffy answered 2 years ago

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You currently have a 30-year fixed rate mortgage with an annual interest rate of 6%. You...

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