Using an online mortgage calculator, generate the appropriate monthly amortization tables. Determine the payment, exclud
Posted: Mon Apr 25, 2022 8:34 am
Using an online mortgage calculator, generate the appropriate monthly amortization tables.
Determine the payment, excluding taxes, PMI and property insurance,
On a $175,000 loan based on the following terms: (20 points, 5pts each)
a.Interest Rate: 2.25%Term:15 years
b.Interest Rate: 2.875%Term:30 years
c.Provide an amortization table showing allmonthly payments for the 15 year loan.
d.Provide an amortization table showing allmonthly payments for the 30 year loan.
Part IIA
Give a detailed analysis of your findings in essay form. Answer the following questions, regarding the two loans in Part IIA, as well as other important information: (25 points, 5 points each)
the 15 year loan?
the 30 year loan?
loan after the first 12 payments.
after 12 payments. (HINT: Look at the principle paid on each of the twelve payments combined, not just the twelfth payment.)
Part IIB
Give a detailed analysis of your findings in essay form. Answer the following questions, regarding the two loans in Part IIB, as well as other important information: (30 points, 5 points each)
a 15 year mortgage. List at least two reasons.(Solid Paragraph)
Determine the payment, excluding taxes, PMI and property insurance,
On a $175,000 loan based on the following terms: (20 points, 5pts each)
a.Interest Rate: 2.25%Term:15 years
b.Interest Rate: 2.875%Term:30 years
c.Provide an amortization table showing allmonthly payments for the 15 year loan.
d.Provide an amortization table showing allmonthly payments for the 30 year loan.
Part IIA
Give a detailed analysis of your findings in essay form. Answer the following questions, regarding the two loans in Part IIA, as well as other important information: (25 points, 5 points each)
the 15 year loan?
the 30 year loan?
loan after the first 12 payments.
after 12 payments. (HINT: Look at the principle paid on each of the twelve payments combined, not just the twelfth payment.)
Part IIB
Give a detailed analysis of your findings in essay form. Answer the following questions, regarding the two loans in Part IIB, as well as other important information: (30 points, 5 points each)
a 15 year mortgage. List at least two reasons.(Solid Paragraph)