Question 1 of 10
2 Points
Harry took out an 80/20 mortgage to buy a house costing $175,000. The first
(80%) mortgage has an interest rate of 4.75%, and the second (20%)
mortgage has an interest rate of 7.525%. Both the first mortgage and the
second mortgage are 30-year fixed-rate mortgages. What is his total
mortgage payment for this house?
A. $730.31
B. $975.63
C. $245.32
D. $805.87