ASAP HELP what effect the interest rate has on your monthly mortgage payment.

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ASAP HELP what effect the interest rate has on your monthly mortgage payment.

Answer :-

Down payment

In general, a larger down payment means a lower interest rate, because lenders see a lower level of risk when you have more stake in the property. ... Mortgage insurance, which protects the lender in the event a borrower stops paying their loan, adds to the overall cost of your monthly mortgage loan payment.

Step-by-step explanation:

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The first digit is in the middle school 100s place

20 percentage, you can also do it on a calculator.