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$728

Step-by-step explanation:

$156,000 less 20% is $124,800.

That is the amount that is being financed. If the rate is7% per year the first months interest is:

124,800*.07/12 = $728

You didn't ask but if the mortgage is like most conventional mortgages the 30 * 12 = 360 payments are all approximately equal, with less money expended on paying down the principal at first. Their equal payment would be: $830.30

in mathematics, a constraint is a condition of an optimization problem that the solution must satisfy. there are several types of constraints—primarily equality constraints, inequality constraints, and integer constraints. the set of candidate solutions that satisfy all constraints is called the feasible set.

hoped i'm right lol

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