In: Finance
Maximum permissible monthly payments= $3,566.67 as follows:
Maximum permissible monthly payments= $3,566.67 as follows:
Loan given by the Bank= $804,242.98
Amount offered for the house= $834,136.90
Details of calculation and amortization schedule (with initial and closing entries) are given below:
Details of calculation:
Amortization schedule below: