Fight Finance

Courses  Tags  Random  All  Recent  Scores

Scores
keithphw$6,011.61
Jade$1,815.80
Chu$789.98
royal ne...$750.00
Leehy$713.33
Visitor$650.00
JennyLI$625.61
Visitor$590.00
Visitor$550.00
Visitor$550.00
Visitor$540.00
ZOE HY$540.00
Visitor$500.00
Yizhou$489.18
Visitor$464.70
Visitor$460.00
Visitor$460.00
Jasper.sun$460.00
Visitor$442.43
niki,zhang$440.00
 

Question 107  interest only loan

You want to buy an apartment worth $300,000. You have saved a deposit of $60,000.

The bank has agreed to lend you $240,000 as an interest only mortgage loan with a term of 30 years. The interest rate is 6% pa and is not expected to change. What will be your monthly payments?




Copyright © 2014 Keith Woodward