Vanessa bought a house for $268,500. She has a 30 year mortgage with a fixed rate of 6.25%. Vanessa’s monthly payments are $1,595.85. How much was Vanessa’s down payment?
a.
$9,314.45
b.
$16,781.25
c.
$40,275.00
d.
$53,040.00
Please select the best answer from the choices provided
A
B
C
D
a.
$9,314.45
b.
$16,781.25
c.
$40,275.00
d.
$53,040.00
Please select the best answer from the choices provided
A
B
C
D