Question

Which of the following will affect the size of your monthly mortgage payment? The size of your down payment The length of your mortgage The purchase price of your house All of the above

Answer 1

All of the above -

down payments reduce how much you have to pay back, same with purchase price of house.

Length of the mortgage means that you’ll pay back over a longer period of time - effectively reducing the mortgage payment per month.

Answer 2

Which of the following will affect the size of your monthly mortgage payment? D