Examine the interest paid and principal paid and balance

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Reference no: EM131903835

1) What is the Monthly Mortgage Payment for a 30-yr fixed rate mortgage with an interest rate of 4.75%, 1.5 points and $1000 in fees on a home with a value of $300,000 and an LTV of 80%?

2) What is the interest paid, principal paid and balance on the mortgage in question #1 after 10 years?

3) What is the APR if there are no fees or points on the mortgage in question #1 if the mortgage goes the full 30-yr term?

4) What is the APR if the mortgage in question #1 goes the full 30-yr term?

5) What is the APR if the mortgage in question #1 is refinanced after 10 years?

Please put the answrs under each question.

Reference no: EM131903835

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