a person decides to make a $20,000 instead of a $10,000 down payment on a house. what effect will the higher…

a person decides to make a $20,000 instead of a $10,000 down payment on a house. what effect will the higher down payment have on the monthly mortgage payments for a 30 - year fixed - rate mortgage?\nit will increase the monthly payment.\nit will cancel the monthly payment.\nit will lower the monthly payment.\nthere will be no effect on the monthly payment.

a person decides to make a $20,000 instead of a $10,000 down payment on a house. what effect will the higher down payment have on the monthly mortgage payments for a 30 - year fixed - rate mortgage?\nit will increase the monthly payment.\nit will cancel the monthly payment.\nit will lower the monthly payment.\nthere will be no effect on the monthly payment.

Answer

Brief Explanations:

El pago inicial es la cantidad de dinero que se paga de inmediato al comprar una propiedad. Un pago inicial más alto significa que el préstamo hipotecario (la cantidad de dinero que se debe pagar) es menor. Con un préstamo menor, las cuotas mensuales de pago del préstamo hipotecario serán más bajas.

Answer:

It will lower the monthly payment.