Problem:
If I have a home loan for $224,000.00 at a 8% variable monthly interest rate for 30 years what is my monthly payments and can you show me how you got it?
Also suppose I had to move within in one year and the interest payments over the first year were $17,852, would it be better to rent the property if it would cost me $1400.00/month plus utilities estimated at $220.00and renters insurance of $25 month.