Question

harper is shopping for a home and a mortgage for $175,800 with which to purchase this home. In research, she was eligible for 3 different mortgages:
a 30-year fixed rate mortgage at 6.15%
a 30-year, 6/1 adjustable-rate mortgage at 5.89% with a 2/9 cap
a 30/6 balloon mortgage at 5.1%


Which mortgage has the least expensive initial monthly payment? How do you know?

Answer 1

I have no idea lol @KeganMoore isnt good at math either lol

Answer 2

@Hyper help? :)

Answer 3

@.Sam.