How much is your payment on a 200k mortgage at 3.5% for a 30 year fixed?...

How much is your payment on a 200k mortgage at 3.5% for a 30 year fixed? Use 250k for the sales price and let the system calculate your taxes and insurance costs. Use the Mortgage Calculator in the Motley Fool Foolish Calculators
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Expert Solution

ekkarill92 answered 2 years ago

Ashley enters a 30 year mortgage for $300,000 at 3.5%. How much interest and how much...

Ashley enters a 30 year mortgage for $300,000 at 3.5%. How much interest and how much principal will she pay in the second year of the mortgage and what will be the balance of the mortgage at the end of the second year? 11,063; $6,450; $288,280 $12,500; $9,000; $282,000 $11,063, $10,000: $280,000 $10,500; $10,000; $280,000

What is the monthly payment for a 30-year mortgage with a 3.00% APY? How much of...

What is the monthly payment for a 30-year mortgage with a 3.00% APY? How much of the first payment goes toward reducing the principal amount owed?

What is the monthly mortgage payment on a $300,000 30 year fixed rate mortgage with an...

What is the monthly mortgage payment on a $300,000 30 year fixed rate mortgage with an interest rate of 5.125 percent. A friend who knows you have studied amortization asks your help to find the interest portion of their house payments for tax purposes (assuming they itemize). The monthly payments are $2,107.02 on a 30 year loan with a 5 percent interest rate. a) What was the total amount of interest paid during year 2? b) At what point in...

On a 15-year, $200K mortgage at 4% APR, how much interest will you pay in ONLY...

On a 15-year, $200K mortgage at 4% APR, how much interest will you pay in ONLY the second year if you make the regular monthly payments? Multiple Choice $8,366 $17,170 $1,497 $680 $9,083

How much more total interest will be paid on a 30-year fixed-rate mortgage for $100,000...

How much more total interest will be paid on a 30-year fixed-rate mortgage for $100,000 at 9.25% compared with a 15-year mortgage at 8.5%?

Mortgage Payment You currently have a 30-year fixed rate mortgage with an annual interest rate of...

Mortgage Payment You currently have a 30-year fixed rate mortgage with an annual interest rate of 6%. You have had the mortgage 4 years, and on September 1, 2015 you made your 48th payment. The original principal amount was $280,000 and you monthly payment, without taxes and insurance, are $1,678.74 per month, computed using the Excel function =PMT(0.5%,360,280000,0,0). Starting with your original mortgage your banker calls and says that you could refinance your existing mortgage (6% rate, 30-year original term)...

Calculate the monthly payment required to the nearest whole penny for a 30-year fixed-rate mortgage made...

Calculate the monthly payment required to the nearest whole penny for a 30-year fixed-rate mortgage made by the lender at 4.67% annual percentage rate (APR) if the home buyer borrowed $158,000.

1.(Level-Payment Mortgages) Compute the monthly payment on a 30-year level payment mortgage assuming an annual mortgage...

1.(Level-Payment Mortgages) Compute the monthly payment on a 30-year level payment mortgage assuming an annual mortgage rate of 5% and an initial mortgage principal of $400,000. (2147.29) 2.(Mortgage Pass-Throughs) Consider a $400 million pass-through MBS that has just been created (so the 'seasoning' of the pass-through is equal to 0). The underlying pool of mortgages each has a maturity of 20 years and an annual mortgage coupon rate of 6%. The pass-through rate of the mortgage pool is 5%. Assuming...

How much will you pay on a 25 year, $400,000 mortgage if you make monthly payment...

How much will you pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3.5%. Answer is $1,997

You need a 30-year, fixed-rate mortgage to buy a new home for $290,000. Your mortgage bank...

You need a 30-year, fixed-rate mortgage to buy a new home for $290,000. Your mortgage bank will lend you the money at a 5.85% APR (semi-annual) for this 360-month loan. However, you can afford monthly payments of only $1,300, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at...

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