\You bought a house with price of $250,000. Your LTV (loan-to-value ratio) is 80%. You choose the 30-year mortgage with
Posted: Wed May 18, 2022 11:20 pm
\You bought a house with price of $250,000. Your LTV
(loan-to-value ratio) is 80%. You choose the 30-year mortgage with
interest rate 6%. Assuming the total transaction cost is
$10,000.
In the monthly payment, how much are
the principle and the interest payments, respectively, in the 2nd
month?
Q1-Q5 are based on the same assumptions:
You bought a house with price of $250,000. Your LTV
(loan-to-value ratio) is 80%. You choose the 30-year mortgage with
interest rate 6%. Assuming the total transaction cost is
$10,000.
In the monthly payment, how much are the principle and the
interest payments, respectively, in the 2nd month?
PRN=1,664.66, INT=482.63
PRN=999.00, INT=200.10
PRN=482.63, INT=1,664.66
PRN=200.10, INT=999.00
(loan-to-value ratio) is 80%. You choose the 30-year mortgage with
interest rate 6%. Assuming the total transaction cost is
$10,000.
In the monthly payment, how much are
the principle and the interest payments, respectively, in the 2nd
month?
Q1-Q5 are based on the same assumptions:
You bought a house with price of $250,000. Your LTV
(loan-to-value ratio) is 80%. You choose the 30-year mortgage with
interest rate 6%. Assuming the total transaction cost is
$10,000.
In the monthly payment, how much are the principle and the
interest payments, respectively, in the 2nd month?
PRN=1,664.66, INT=482.63
PRN=999.00, INT=200.10
PRN=482.63, INT=1,664.66
PRN=200.10, INT=999.00