Filomena Is Deciding Between Two Mortgages For Her New Home The First Mortgage I

Filomena is deciding between two mortgages for her new home. The first mortgage is an 80/20 mortgage with interest rates of 4.75 and 7.525%, respectively. The second mortgage is a 30-year mortgage with a 5.25% and a $42.56 monthly PMI. If the house price is $100,000, which mortgage payment will be lower initially, and by how much?A. 80/20 mortgage by $37.25

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