SOLUTION: you bought a house for $160,000. paying 10% down and financing the rest at 8% interest for 30 years. 10 years later you take out a new 30 year mortgage at 6% for the remaining loan

SOLUTION: you bought a house for $160,000. paying 10% down and financing the rest at 8% interest for 30 years. 10 years later you take out a new 30 year mortgage at 6% for the remaining loan

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Question 326654: you bought a house for $160,000. paying 10% down and financing the rest at 8% interest for 30 years. 10 years later you take out a new 30 year mortgage at 6% for the remaining loan balance. what would your new monthly payment be?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
$757.37
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