Fixed rate mortgage, You have been relocated from Cleveland

Fixed rate mortgage

Assignment Help Business Economics

Reference no: EM131075073

You have been relocated from Cleveland to San Francisco to begin your new career in finance. The relocation company offers you 3-2-1 Buy Down Financing. The primary home you find has a value of $729,000. You have a 8% down payment on a 30-year Fixed Rate Mortgage, Monthly Payments, 3.875% Interest Rate. Property Taxes are 110 Mills with 75 Effective Mills. Fees for this loan are $3250 and it cost 1 point to get the loan rate down to 3.875%, both were paid up front. What is the value of the required buy down account?

Reference no: EM131075073

Questions Cloud

Summarize the article- reasons to smoke : Require:12 timesnewroman Apa exclude cover page one page single spaced several paragraphs summarizing the airticle state the main point of the article and conclusions an evalution of how this material will be helpful in validating or folloeing thr..

Manufacturing overhead budget for the first two quarters : Compute Winslows manufacturing overhead budget for the first two quarters.

Investment bank associated with an underwritten issue : Compare the risks faced by an investment bank associated with an underwritten issue, by comparison with the use of a book building issue.

Prepare a summary on the firms overall financial performance : Prepare an executive summary on the firm's overall financial condition and performance. Your summary must be at least one page, but no more than 3 pages.

Fixed rate mortgage : You have been relocated from Cleveland to San Francisco to begin your new career in finance. The relocation company offers you 3-2-1 Buy Down Financing. The primary home you find has a value of $729,000. You have a 8% down payment on a 30-year Fixed ..

Compute the cash balance at the end : Compute the cash balance at the end of the first year for Alpaca Corporation.

Company cost of equity capital : Dybvig Corporation's common stock has a beta of 1.1. If the risk-free rate is 5.1 percent and the expected return on the market is 13 percent, what is the company's cost of equity capital?

Acceptable project using simple payback period method : What minimum savings in Year-4 are needed to make Alternative-I an acceptable project using Simple Payback Period Method? If the savings in Year-3 and Year-4 for Alternative-II will be equivalent, what size would they have to be in order for the pro..

Briefly describe the technologies : Question 2. In about 100 words, describe the function of the Internet Corporation for Assigned Names and Numbers. Include a discussion of the differences between gTLDs and sTLDs in your answer.

User Account

All Pages