What is interest rate on a mortgage of 23000 with a 350 monthly payments that runs for 10 years?



a .20

b 14.5

c 14.33

3 Answers

  • 3 weeks ago

    On a loan of $23,000 for 10 years with monthly payments of $350  ($350.23 to be exact), you are paying 13.5% interest.  That doesn't sound like a mortgage. It sounds like a business loan.  Most residential lenders won't go below $30,000 on a home mortgage, and you say this is corporate.

  • Judy
    Lv 7
    3 weeks ago

    uh, how much is payment?  And monthly payments for 10 yars would be 120 payments not 350.

  • 3 weeks ago

    That depend son your credit and going rates

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