Question 9 Avi is expecting to get a $372,000 15 year mortgage. If the interest rate on the mortgage is 5.00% Use the Mortgage Payment Factors table to determine what Avi's monthly payment be on this mortgage. (Round your answer to the nearest whole dollar) Your Answer: Answer

A borrower wants to know the monthly mortgage payment (P&I) for a minimum down FHA loan on a $206273 home purchase with 6.0% APR and a 30 year term. What is the principle and interest payment?   round answer to nearest dollar.

You want to take a $172260 mortgage at j2 = 11.59 % and can afford topay up to $5030 per quartely. What repayment period in the whole years should you request ? What will be your payment year to repay mortgage in calculatednumber of years ?

Determine the outstanding principal of the given mortgage. HINT [See Example 7.] (Assume monthly interest payments and compounding periods. Round your answer to the nearest cent.) a $100,000, 36-year, 4.2% mortgage after 10 years Need Help? Submit Answer Read It Master It

Find the indicated amounts for the fixed-rate mortgages. Purchase price of home Down Mortgage Interest payment amount Monthly payment Mortgage payment Total paid for mortgage Interest Years rate paid per $1,000 S130,000 | Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. 5.00% 30 The mortgage amount is $ (Round to the nearest dollar as needed.)

Determine the outstanding principal of the given mortgage. HINT [See Example 7.] (Assume monthly interest payments and compounding periods. Round your answer to the nearest cent.) a $100,000, 32-year, 4.3% mortgage after 10 years X $ Need Help? Read It Master It

Complete the following table, which shows the monthly payments on a $100,000, 30-year mortgage at the interest rates shown. Use this information to answer the following questions. (Round your answers to the nearest cent.) Amount of Mortgage ($) 100,000 100,000 100,000 100,000 100,000 100,000 Interest Rate (%) 3 4 5 Need Help? 6 7 Read It 8 Monthly Payment ($) 421.60 477.42 536.82 599.55 665.30 (a) What is the difference in monthly payments between a $100,000, 30-year mortgage secured at 7%/ year and one secured at 3%/year? $ 243.70 733.76 (b) Use the table to calculate the monthly mortgage payments on a $140,000 mortgage at 6% / year over 30 years. $ 386.2 Use the table to calculate the monthly mortgage payments on a $30,000 mortgage at 6%/year over 30 years. $

You are considering purchasing a new home. You will need to borrow $280,000 to purchase the home. A mortgage company offers you a 20-year fixed rate mortgage (240 months) at 9% APR (0.75% month). If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to: O A. $2,015 В. $3,527 C. $4,030 D. $2,519

1 Find the monthly payment (in $) and the total interest (in $) for a mortgage of $46,000 at 5 % for 40 years. Use this table and give the total interest as your answer. (Round your answers 4 to the nearest cent.) Monthly payment $ Total interest Need Help? Read It Watch It Master It

Mortgage, part 1 (The Loan)5 years ago you purchased a home for $215,000. You made a 10% down payment and paid for the rest with a 30 year mortgage with a rate of 4.65%. How much was the down payment?  How much of the purchase price did you finance with the loan?  What is your monthly payment? Use solver. Clearly write the formula you will use as well as all values used in the formula.  How much of the loan is left to pay after the first 5 years? Use solver. Clearly write the formula you will use as well as all values used in the formula.  How much did you pay to the lender (total) over the first 5 years?  How much of what you paid to the lender in the first 5 years was interest?  If you paid this loan for all 30 years, how much interest would you pay?