Respuesta :
Answer:
$252,990
Step-by-step explanation:
Cost of the Home=$213,000.
Hilda makes a down payment of 5%, 5% of $213,000 =$10,650
Amount Borrowed=$213,000-10,650=$202,350
Monthly Payment=$1,517.80.
Number of Payment =25 Years X 12 =300 Payments
Total Payments = 300 X $1,517.80=$455340
Interest Paid by Hilda =Total Payment-Amount Borrowed
=$455,340-202,350
=$252,990
Answer:
Step-by-step explanation:
She makes an initial payment of 5% = 0.05 × $ 213000 = $ 10650
she made monthly payment of $ 1517.80
total amount paid for the mortgage = $ 1517.80 × 25 years = $ 455340
amount borrowed = $ 213 000 - $ 10650 = $ 202350
total interest paid = total amount paid - total amount borrowed = $ 455340 - $ 202350 = $ 252990
