consider a mortgage loan for 180,000 what is the payment if it has a 15 yr ratest 3.5% with closing cost of 1600 and 1 point? what is the monthly payment uf it had a fixed 15 yr rate at 3.25% with closing cost if 1600
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consider a mortgage loan for 180,000 what is the payment if it has a 15 yr ratest 3.5% with closing cost of 1600 and 1 point? what is the monthly payment uf it had a fixed 15 yr rate at 3.25% with closing cost if 1600
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- What would be the total interest paid on a $5,000 loan with a rate of 1% interest when the payment is $250 a month?Consider a mortgage of 180,000. What is the payment if it has a 15 year fixed rate at 3.5% with closing costs of 1600 and 1 point? What is a 15 yr fixed rate at 3.25% with closing costs if 1600 and 5 points?Suppose you purchase a home and obtain a 15-year fixed-rate loan of $195,000 at an annual interest rate of 6.0%. a) What is your monthly payment? N: months I %: P.V: $ PMT: $ F.V: 0 P/Y: 12 C/Y: 12 b) Of the first month's mortgage payment, how much is interest? HINT: I=Prt Interest: I=$ c) Of the first month's mortgage payment, how much is applied to the principal? HINT: PMT - Interest Amount Applied to Principal: $ d) How much is your outstanding balance after the first month’s payment? HINT: Principal - Amount Applied to Principal Outstanding Balance after first payment: $
- Use P ÞA to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage loan options for a $145,000 mortgage. Which mortgage loan has the larger total cost (closing costs + the amount paid for points + total cost of interest)? By how much? Mortgage A: 15-year fixed at 6.25% with closing costs of $2200 and 1 point. Mortgage B: 15-year fixed at 4.5% with closing costs of $2200 and 5 points. Choose the correct answer below, and fill in the answer box to complete your choice. (Do not round until the final answer. Then round to the nearest dollar as needed.) OA. Mortgage A has a larger total cost than mortgage B by $ O B. Mortgage B has a larger total cost than mortgage A by $Suppose you want to apply for a loan of $500,000 with repayment tenure of 5 years. The interest rate charged on the loan is 11% and the processing fee is 1.5% and insurance cost is $5,700. Annual payments are made. The APR of the loan will be 11.53% О 11.25% 11.00% 12.50%What is the simple interest due on a 5 year loan of 4,00,000 if the annual rate is 6%.
- Give typing answer with explanation and conclusion If the annual payment mortgage constant for an amortizing loan is 10.6%, and the loan amount is $25,000,000, what is the annual payment?Suppose you borrow $15,000 and then repay the loan by making 12 monthly payments of $1,297.92 each. What rate will you be quoted on the loan? NO EXCELSuppose that you obtain a 100.000 TL loan from a bank. The maturity is 10 years and the annual interest rate is 10%. You will pay monthly installments. However, according to the loan agreement you will make no payments for the first three years. What would be the monthly payment amount? 830,06 TL 660,75 TL O 1.104,81 TL 879,46 TL O Diğer: What would be the annual interest rate for a 5.000.000 TL bank loan that requires 125.000 TL of total interest payment for a period of 4 months? O 7% 7,5% 8% 8,5% O Diğer:
- P Use to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage loan options for a nt $150,000 mortgage. Which mortgage loan has the larger total cost (closing costs + the amount paid for points + total cost of interest)? By how much? Mortgage A: 30-year fixed at 9.25% with closing costs of $2900 and 1 point. Mortgage B: 30-year fixed at 8.25% with closing costs of $2900 and 5 points. Choose the correct answer below, and fill in the answer box to complete your choice. (Do not round until the final answer. Then round to the nearest dollar as needed.) O A. Mortgage A has a larger total cost than mortgage B by $ O B. Mortgage B has a larger total cost than mortgage A by $ Help Me Solve This View an Example Get More Help - Clear All Check Answer MacBook Air >> 吕口 F3 esc F10 F1 F12 F1 F2 F5 F6 F7 F8 2# $ A & 2 3 4 6 7 8Suppose you take out a loan for 180 days in the amount of $15,500 at 14% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount due on the loan? (Round to the nearest cent.) $14,826.11 O $15,543.68 O$15,772.99 O$15,832.06Consider a 15 year loan for a $5,245,000 home at a LTV of 85%, three discount points, one origination point, and a 8% interest rate. If the APR of the loan is 8.68%, what would the APR be if the loan amount were reduced by $500,000? 1) 6.54% 2) 3.22% 3) 7.99% 4) 8.68%