Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information:<\/span><\/p>\n Escrow payment<\/p>\n<\/td>\n $211.13<\/p>\n<\/td>\n<\/tr>\n Principle and Interest payment<\/p>\n<\/td>\n $706.12<\/p>\n<\/td>\n<\/tr>\n Total Payment<\/p>\n<\/td>\n $917.25<\/p>\n<\/td>\n<\/tr>\n Current Loan Balance<\/p>\n<\/td>\n $112,242.47<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Write a 1-2 page paper in which you:<\/span><\/p>\n Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"yoast_head":"\n\n\n
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