Problem

Complete the following table (in thousands of dollars) assuming a prepayment rate of 165 P...

Complete the following table (in thousands of dollars) assuming a prepayment rate of 165 PSA:

Original balance: $100,000,000

Pass-through rate: 9.0%

WAM: 360 months

Month

Outstanding Balance

SMM

Mortage Payment

Interest

Scheduled Principal

Prepayment

Total Principal

Cash Flow

1

100,000

841

 

 

 

 

 

 

2

99,934

 841

 

 

 

 

 

 

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Solutions For Problems in Chapter 11