You found your dream house. It will cost you $300000 and you will put down $30000...

You found your dream house. It will cost you $300000 and you will put down $30000 as a down payment. For the rest you get a 30-year 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)

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jeff jeffy answered 2 years ago

You found your dream house. It will cost you $300000 and you will put down $50000...

You found your dream house. It will cost you $300000 and you will put down $50000 as a down payment. For the rest you get a 30-year 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)?

You found your dream house. It will cost you $300000 and you will put down $45000...

You found your dream house. It will cost you $300000 and you will put down $45000 as a down payment. For the rest you get a 30-year 4.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)?

You found your dream house. It will cost you $200000 and you will put down $35000...

You found your dream house. It will cost you $200000 and you will put down $35000 as a down payment. For the rest you get a 30-year 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)? Your Answer: Question 11 options: Answer Hide hint for Question 11 Mortgage monthly payment N=30 years*12 month each year=360 I/Y=monthly interest rate= annual interest rate/12 PV= house price- down payment (money you will need to borrow from the...

You found your dream house. It will cost you $200000 and you will put down $40000...

You found your dream house. It will cost you $200000 and you will put down $40000 as a down payment. For the rest you get a 30-year 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)?

You will have to search for your dream house, calculate the down payment, and the monthly...

You will have to search for your dream house, calculate the down payment, and the monthly payments for a 30 and 15 years fixed loan. You will use the loan payment formula to determine your monthly payments for a 30-year fixed loan with an APR of 3.75% and for a 15-years fix loan with an APR of 2.97% with a down payment of 5%. You will make a decision on which loan you would take and provide reasons for your...

A couple has decided to purchase a $240000 house using a down payment of $30000. They...

A couple has decided to purchase a $240000 house using a down payment of $30000. They can amortize the balance at 10% over 20 years. a) What is their monthly payment? Answer = $ b) What is the total interest paid? Answer = $ c) How much of their first payment went toward paying interest? Answer = $ d) How much of their first payment went toward paying the balance of the loan. Answer = $

How much would you have to put down on a house costing $160,000 if the house...

How much would you have to put down on a house costing $160,000 if the house had an appraised value of $169,000 and the lender required an 80% loan-to-value ratio?

You are thinking of purchasing a house. The house costs 300000.You have 43000 in cash...

You are thinking of purchasing a house. The house costs 300000. You have 43000 in cash that you can use as a down payment on the house but you need to borrow the rest of the purchase price. The bank is offering a 30yr mortgage that requires annual payments and has an interest rate of 5 percent per year. What will be the annual payment?

You bought a house for $150,000 and put down 10% and got a mortgage at an...

You bought a house for $150,000 and put down 10% and got a mortgage at an interest rate of 4.35 % per year. You would pay it back by paying an equal amount at the end of each month for 15 years? (Show all work) How much is your loan amount? How much is your monthly loan payment? How much is your loan balance after 2 years? How much is your total interest payment by the end of year 3?

You are planning to buy a house in New Jersey. You put a 20% down payment,...

You are planning to buy a house in New Jersey. You put a 20% down payment, and 15-year mortgage rates are at 4.2% -Price of the house is $400,000. a. Calculate the monthly payments. b- Calculate the 1st month interest payment. c-Calculate the 1st month principal payments

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