2 years ago we purchased a house with a $525,000 mortgage at 9% with 30 year mortgage What is the monthly payment? Ho...
- 2 years ago we purchased a house with a $525,000 mortgage at 9% with 30 year mortgage
- What is the monthly payment?
- How much is owed after 2 years?
- How much interest did we pay over a 2 yr period?
- If we are looking to refinance and the current rate is 6.75% what would be the monthly payment on a 20yr and 15 yr mortgage.
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2 years ago we purchased a house with a $525,000 mortgage at 9% with 30 year mortgage What is the monthly payment? Ho...
2. 2 years ago we purchased a house with a 30 year $525,000 mortgage at 9% A. What is the monthly payment? B. How much i...
2. 2 years ago we purchased a house with a 30 year $525,000 mortgage at 9% A. What is the monthly payment? B. How much is owed after 2 years? C. How much interest did we pay over a 2 yr period? D. If we are looking to refinance and the current rate is 6.75% what would be the monthly payment on a 20yr and 15 yr mortgage.
10 Years ago you took out a 30-year mortgage to buy a house. Your annual payment...
10 Years ago you took out a 30-year mortgage to buy a house. Your annual payment is $18,162 and your current interest rate is 6%. Suppose you now want to refinance and still pay off the house in 20 years, how much principal do you still owe on the mortgage? I keep getting the wrong answer using my BA II Plus Calculator. The correct Answer is $208,316.71
Suppose you are two years into a 30-year mortgage at 4.125%. Your minimal monthly payment is $710...
Suppose you are two years into a 30-year mortgage at 4.125%. Your minimal monthly payment is $710.79 and your remaining balance on the loan is $141,500. You've been offered a deal to refinance to a 15 year mortgage at 3.125% with no closing costs. To determine if you should refinance, answer the following. (A) What is the monthly payment on a 15 year mortgage for $141,500 at 3.125% interest? (B) If you were to make the minimum monthly payments on...
Frank purchased his house 16 years ago by taking out a 25-year mortgage for $150,000. The...
Frank purchased his house 16 years ago by taking out a 25-year mortgage for $150,000. The mortgage has a fixed interest rate of 5 percent compounded monthly. If he wants to pay off his mortgage today, how much money does he need? He made his most recent mortgage payment earlier today.
2. Josie purchased a house for $50,000 three years ago. She is paying for the house...
2. Josie purchased a house for $50,000 three years ago. She is paying for the house over a period of 30 years by making monthly payments. The interest rate is 6% compounded monthly. (a) How much of her 330th loan payment is interest? (9 points)
The mortgage on your house is five years old. It required monthly payments of $ 1,422,...
The mortgage on your house is five years old. It required
monthly payments of $ 1,422, had an original term of 30 years and
had an interest rate of 9% (APR). In the intervening five years,
interest rates have fallen and so you have decided to refinance,
that is, you will roll over the outstanding balance into a new
mortgage. The new mortgage has a 30-year term, requires monthly
payments, and has an interest rate of 6.125 % (APR).
a....
Ten years ago you obtained a 30-year mortgage for $400,000 with a fixed interest rate of...
Ten years ago you obtained a 30-year mortgage for $400,000 with a fixed interest rate of 3% APR compounded monthly. The mortgage is a standard fixed rate mortgage with equal monthly payments over the life of the loan. What are the monthly fixed mortgage payments on this mortgage (i.e., the minimum required monthly payments to pay down the mortgage in 30 years)? What is the remaining loan balance immediately after making the 120th monthly payment (i.e., 10 years after initially...
The mortgage on your house is five years old. It required monthly payments of $ 1,422,...
The mortgage on your house is five years old. It required monthly payments of $ 1,422, had an original term of 30 years, and had an interest rate of 9 % (APR). In the intervening five years, interest rates have fallen and so you have decided to refinance long dash that is, you will roll over the outstanding balance into a new mortgage. The new mortgage has a 30-year term, requires monthly payments, and has an interest rate of 6.125...
The mortgage on your house is five years old. It required monthly payments of $ 1...
The mortgage on your house is five years old. It required monthly payments of $ 1 422 , had an original term of 30 years, and had an interest rate of 9 % (APR). In the intervening five years, interest rates have fallen and so you have decided to refinancelong dashthat is, you will roll over the outstanding balance into a new mortgage. The new mortgage has a 30-year term, requires monthly payments, and has an interest rate of 6.625...
1.) When you purchased your house 12 years ago, you took out a $300,225 mortgage to...
1.) When you purchased your house 12 years ago, you took out a $300,225 mortgage to be paid back monthly over 30 years, with an APR of 6% compounded monthly. You have just made a payment and now have decided to pay the mortgage off by repaying the outstanding balance. a) What is your monthly payment on the mortgage? b.) What is the remaining balance of your mortgage? (Note there are 18 years left on the mortgage.)
2. Josie purchased a house for $50,000 three years ago. She is paying for the house over a period of 30 years by making monthly payments. The interest rate is 6% compounded monthly. (a) How much of her 330th loan payment is interest? (9 points)
The mortgage on your house is five years old. It required
monthly payments of $ 1,422, had an original term of 30 years and
had an interest rate of 9% (APR). In the intervening five years,
interest rates have fallen and so you have decided to refinance,
that is, you will roll over the outstanding balance into a new
mortgage. The new mortgage has a 30-year term, requires monthly
payments, and has an interest rate of 6.125 % (APR).
a....
1.) When you purchased your house 12 years ago, you took out a $300,225 mortgage to be paid back monthly over 30 years, with an APR of 6% compounded monthly. You have just made a payment and now have decided to pay the mortgage off by repaying the outstanding balance. a) What is your monthly payment on the mortgage? b.) What is the remaining balance of your mortgage? (Note there are 18 years left on the mortgage.)
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