How much is your mortgage payment with the pmi

Assignment Help Financial Management

Reference no: EM131901776

You decide to buy a home in January 2017 for $200,000 and finance it with a 15% downpayment and a 30 year fixed rate mortgage at 4.5%.

How much is your mortgage payment with the PMI if taxes are 75 Mills? When (how many months) does the PMI fall off of your loan if you call the bank at 80% LTV?

If interest rates fall to 4.25% when the PMI falls off of the loan and you decide to refinance the property with a new 30 year fixed rate mortgage what will be your payment and should you make this decision if the closing costs are $2000?

Reference no: EM131901776

Questions Cloud

Identify universal gaps in leadership development : Write a 2-3 page paper arguing a universal need for leadership development from a Biblical perspective and reflecting a Christian worldview.

Compute the equivalent annual cost for each machine : Compute the equivalent annual cost for each machine and based on this cost, determine which machine should be purchased.

What is the ebit-ta rate when the firms have equal eps : What is the EBIT/TA rate when the firm's have equal EPS? What is the cost of debt? State the relationship between earnings per share and the level of EBIT.

Determine the research problem : Write a report under organizational Behavior context by answering the below qandoua. Design a research in the area of organizational Behavior.

How much is your mortgage payment with the pmi : You decide to buy a home in January 2017 for $200,000 and finance it with a 15% downpayment and a 30 year fixed rate mortgage at 4.5%.

Quantity demanded per day quantity supplied : The table below shows the demand and supply schedules for applesauce. Observe the data and answer the questions that follow.

Which project has the higher profitability index : Which project is most attractive to a firm that can raise an unlimited amount of funds to pay for its investment projects?

Prepare an incremental analysis for the special order : Leno Company manufactures toasters. For the first 8 months of 2014, the company reported. Prepare an incremental analysis for the special order.

What are the limits to the u.s. long-term economic growth : What are the limits to the U.S. long-term economic growth? Is there anything that our government can do to address these limits.

User Account

All Pages