Refinance Payment Calculation
Evan refinanced his home mortgage to a 30-year fixed mortgage with monthly payments. How much is each payment if he owed $250,000 at the time of the refinance and the interest rate is 7%?
- $891
- $1,211
- $1,459
- $1,663
Evan refinanced his home mortgage to a 30-year fixed mortgage with monthly payments. How much is each payment if he owed $250,000 at the time of the refinance and the interest rate is 7%?