Jim is taking out a $135,000 mortgage. His bank offers him an APR of 3.32% He wants to compare monthly payments on a 20- and a 30-year mortgage. Find, to the nearest dollar, the difference in the monthly payments for these two loans.

The assessed value of the Weber family’s house is $186,000. The annual property tax rate is 2.15% of assessed value. What is the property tax on the Weber’s home?

The market value of Christine and Gene’s home is $275,000. The assessed value is$230,000. The annual property tax rate is $17.50 per$1,000 of assessed value. What is the property tax on their home?

Find the monthly payment (before the balloon payment) for a 20-year, interest-only balloon mortgage for $275,000 at an APR of 8%. Round to the nearest ten dollars.

Allison has a mortgage with North End Bank. The bank requires that she pay her homeowner’s insurance, property taxes, and mortgage in one monthly payment. Her monthly mortgage payment is $1,390, her semi-annual property tax bill is$3,222, and her quarterly homeowner’s bill is $282. How much does Allison pay North End Bank each month?

If you borrow $220,000 at an APR of 3.5 for 25 years, you will pay$1,101.37 per month. If you borrow the same amount at the same APR for 30 years, you will pay $987.90 per month. What is the total interest paid on the 25-year mortgage?

United Bank offers a 15-year mortgage at an APR of 4.2%. Capitol Bank offers a 25-year mortgage at an APR of 4.5%. Marcy wants to borrow $120,000. What would the total interest be from Capitol Bank? Round to the nearest ten dollars.

United Bank offers a 15-year mortgage at an APR of 4.2%. Capitol Bank offers a 25-year mortgage at an APR of 4.5%. Marcy wants to borrow $120,000. What would the monthly payment be from United Bank?

If you borrow $220,000 at an APR of 3.5 for 25 years, you will pay$1,101.37 per month. If you borrow the same amount at the same APR for 30 years, you will pay $987.90 per month. What is the total interest paid on the 30-year mortgage?

The Smiths took out a $130,000, 30-year mortgage at an APR of 6.5%. The monthly payment was$821.69. What will be their total interest charges after 30 years?

The Smiths took out a $130,000, 30-year mortgage at an APR of 3.4%. The monthly payment was$576.53. What will be their total interest charges after 30 years?

United Bank offers a 15-year mortgage at an APR of 4.2%. Capitol Bank offers a 25-year mortgage at an APR of 4.5%. Marcy wants to borrow $120,000. What is the difference in the monthly payments?

United Bank offers a 15-year mortgage at an APR of 6.2%. Capitol Bank offers a 25-year mortgage at an APR of 6.5%. Marcy wants to borrow $120,000. What would the total interest be from United Bank? Round to the nearest ten dollars.

Siegell’s Locksmith Shop is taking out a mortgage on a new building. It is going to be an interest-only, 12-year balloon mortgage for $350,000. The APR is 7.1%. The last payment will be the balloon payment of the full principal. Find the amount of each monthly payment if the payments are interest-only. Round to the nearest cent.