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Which combination of factors would result in the lowest monthly mortgage payment?

A.) Big down payment,a longer term loan, and a low interest rate
B.) Big down payment, a shorter term loan, and high interest rate
C.) Small down payment, a shorter term loan, and high interest rate
D.) Small down payment, a shorter term loan, and small interest rate

Respuesta :

Your answer is going to be A.
The combination is A.  Big down payment,  longer term loan, and a low interest rate
Big down payment will cut a huge chunk of the loan from the beginning of the term. Longer term will divide the payment into smaller pieces so the amount could be lowe, Low-interest rate will reduce the percentage that will be added to your total debt.

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