Interest Rate= 9%
Loan Amount = 210500
Monthly payment = Loan Amount*Factor(9%, 25 years)
= 210,500*8.39196/1000
= $1,766.50758
i.e. $1,766.51
Find the monthly payment needed to amortize principal and interest for the fixed-rate mortgage. Use either...
Find the monthly payment needed to amortize principal and interest for the fixed-rate mortgage. Us Loan Amount | Interest Rate $225,750 Term | 25 years Click the icon to view the Real Estate Amortization Table. The monthly payment is $ (Round to the nearest cent as needed.) Enter your answer in the answer box Term of Mortgage lears) 17.96869 209996 CHS069 65 09 NOLS DSWD ENSIZ 18 19174 STOFF 09664's TEL 18.416 52 ISTCO 7.3968 ONDS09 SILLT LOLIT 4.5% 18tutoryst...
Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed is $95.000 and the annual percentage rate (APR) is 7.0%. The monthly principal and interest payment is $| (Round to the nearest cent as needed.) Monthly Principal and Interest Payment per $1000 of Mortgage 20 Rate % 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 10.0 10.5 10 $10.12451 10.36384 10.60655 10.85263 11.10205 11.35480 11.61085 11.87018 12.13276 12.39857 12.66758 12.93976 13.21507...
Complete the first month of the amortization schedule for a fixed-rate mortgage. Mortgage: $85,000 Interest rate: 9.0% Term of loan: 15 years = Click the icon to view the Real Estate Amortization Table. Payment Number Amortization Schedule Total Payment Interest Payment Principal Payment Balance of Principal (a) sl (b) 5 (b) s[] (a) s17 Enter your answer in the edit fields and then Real Estate Amortization Table Annual nale r) 20 30 2.0% $17.52776 $9.20135 56.43509 $5.05883 $4.23854 2.5% 17.74736...
Find the monthly payment needed to amortize principal and interest for the foredrate morte Loan Amount Interest Rate Term 5229.750 996 25 years Use other the regular monthly payment formulare Click the icon to view the Real Estate Amortization Table The monthly payment is s (Round to the nearest cent as needed.) Monthly payments to Repay Principal and Interest on a $1000 mortege Terms of Morte n 20 3.0 17 4450 421604 1.19174 ORRO ENTE 449045 4.05 IN 416 ISTELO...
Homework: Unit 6 MML Graded Practice Score: 0 of 3 pts 14 or 14 (13 complete)V > HW Score: 70%, 21 of 30 pts 11.5.17 Question Help The Ad e 's gross monthly incomne is S 600 They have 18 remaining payments of S370 on a new c. They are applying fr a ye St20 000 mortgage a 7 0% The taxes and insurance on the house are 5310 per month. The bank will only approve a loan that has...
Find the following for a $200,000 fixed-rate mortgage and the given informatic a) Monthly mortgage payment (principal and interest) b) Monthly house payment (including property taxes and insurance) c) Initial monthly interest d) Income tax deductible portion of initial house payment e) Net initial monthly cost for the home (considering tax savings) Annual Owner's Term of Interest Property Annual Income Tax Mortgage Rate Tax Insurance Bracket 15 years 5.5% $924 $504 3596 a) The monthly mortgage payment is $ (Round...
https Exhibit 7-7 20 Years 15 Years 25 Yours 30 Years Tern Rate Mortgage Payment Factors (principal and interest factors per $1,000 of loan amount) $6.91 $5.55 $4.74 $4.22 3.0% 7.15 5.80 5.01 4.49 3.5 7 40 6.06 5.28 4.77 4.0 7.65 6.33 5.56 5.07 4.5 7.91 6.60 5.85 5.37 5.0 6.88 8.17 5.68 6.14 5.5 8.43 7.16 6.44 6.00 6.0 8.71 6.32 6.67 7.45 6.5 8.98 7.75 6.65 7.06 7.0 9.27 8.06 7.5 6.99 7.30 9.56 8.0 7.34 7.72...
Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit 7-6. Exhibit 7-7. (Round your intermediate and final answers to the nearest whole dollar.) Monthly gross income Other debt (monthly payment) 15-year loan at Down payment to be made (percent of purchase price) Monthly estimate for property taxes and insurance $3,498 25e 6 percent 15 percent 180 Affordable monthly mortgage payment Affordable mortgage amount Affordable home purchase Exhibit...
Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. (Refer to Exhibit 9-8 and Exhibit 9-9) (Round time value factor to 2 decimal places, intermediate and final answers to the nearest whole dollar.) Monthly gross income $ 4,700 Down payment to be made (percent of purchase price) 20 percent Other debt (monthly payment) $ 260 Monthly estimate for property taxes and insurance $ 490 30-year loan 8.5...
A thirty year monthly payment mortgage loan for 500,000 is offered at a nominal rate of 8.4% convertible monthly. Find thea) Monthly payment,b) The total principal and interest that would be paid on the loan over 30 years c) The balance in 5 years andd) The principal and interest paid over the first 5 years.