Results 1 to 3 of 3

Math Help - House Mortgage with Rate

  1. #1
    Newbie
    Joined
    Nov 2010
    Posts
    3

    House Mortgage with Rate

    If you have a 30-year mortgage at 6.48% on a house, after 10 yrs of payments you will still owe about $170,000.

    This problem is confusing. I'm not able to understand what its asking. How would you solve it? Please show work so I can see how the answer is found.
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Master Of Puppets
    pickslides's Avatar
    Joined
    Sep 2008
    From
    Melbourne
    Posts
    5,236
    Thanks
    28
    What is the question here?

    Maybe how much was loaned?
    Follow Math Help Forum on Facebook and Google+

  3. #3
    MHF Contributor
    Joined
    Dec 2007
    From
    Ottawa, Canada
    Posts
    3,115
    Thanks
    68
    Quote Originally Posted by slbenfica14 View Post
    If you have a 30-year mortgage at 6.48% on a house, after 10 yrs of payments you will still owe about $170,000.
    Well, looks like you can look at this as a new $170,000 mortgage, term 20 years, rate 6.48%: calculate monthly payment....
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Dimensions of a house
    Posted in the Geometry Forum
    Replies: 3
    Last Post: May 12th 2011, 03:47 PM
  2. Replies: 2
    Last Post: October 4th 2010, 07:11 PM
  3. Is there a teacher in the house?
    Posted in the Algebra Forum
    Replies: 1
    Last Post: April 6th 2009, 05:54 PM
  4. the House Problem
    Posted in the Number Theory Forum
    Replies: 5
    Last Post: March 7th 2009, 06:20 PM
  5. Joe Needs A House
    Posted in the Algebra Forum
    Replies: 2
    Last Post: December 12th 2008, 05:30 PM

Search Tags


/mathhelpforum @mathhelpforum