A property is bought 5 yearsago for $250,000 putting 20% down and financing the rest...

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35 1/1/2018 194.95 36 2/1/2018 195.22 37 3/1/2018 195.58 38 4/1/2018 195.99 39 5/1/2018 196.27 40 6/1/2018 197.06 41 7/1/2018 Date housing index 0 2/1/2015 166.93 1 3/1/2015 166.68 2 4 /1/2015 166.49 3 5/1/2015 166.29 4 6/1/2015 166.68 5 7/1/2015 168.

A property is bought 5 years ago for $250,000 putting 20% down and financing the rest for 30 years with a fixed-rate loan of 5% a year.

What is the monthly payment of the loan?

Using the "housing" tab, how much equity is in the property today?

What percent of the equity today is due to the paying down of the principal?

What percent is due to the increase in the value of the property?

Where did the rest come from? What percent was it?

If the property was refinanced today using a 25 year loan with an annual rate of 4%, what would be the monthly savings?

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Answer 1

Answer #1

Property Price Down Payment Mortgage Term Interest rate $250,000 202 $50,000 80% $200,000 30 years i.e. 5%. 360 months a) Mon Amortization Schedule No. Due Payment Date Due Interest Principal Balance 200,000.00 1069.19 2/ 15 315 415 s15 6115 T21215 87

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Answer 2

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A property is bought 5 yearsago for $250,000 putting 20% down and financing the rest...

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A property is bought 5 yearsago for $250,000 putting 20% down and financing the rest...

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Add Answer to: A property is bought 5 yearsago for $250,000 putting 20% down and financing the rest...

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