You bought a house with price of $1,000,000. Your LTV (loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 5%. Assuming the total transaction cost is
In the monthly payment, how much are the principle and the interest payments, respectively, in the 2nd month?
$3,664.66
$3,329.32
$2,764.66
$2,674.66
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