Pair of mortgage loan options

Assignment Help Business Management
Reference no: EM132029431

Consider the following pair of mortgage loan options for a $115,000 mortgage. Which mortgage loan has the larger total cost? (closing costs? + the amount paid for points? + total cost of? interest)? By how? much?

Mortgage? A: 20?-year fixed at 9.25?% with closing costs of ?$1100 and 1 point.

Mortgage? B: 20 year fixed at 7.5?% with closing costs of ?$1100 4 points.

Reference no: EM132029431

Questions Cloud

What is the no-arbitrage one year forward rate : If interest rates are 5% APR in the U.S.and 3% APR in the euro zone, what is the no-arbitrage 1-year forward rate?
Find the probability that the ball falls into a green : In the game of roulette, a metal ball is spun around a rotating wheel containing 18 red-numbered slots, 18 black-numbered slots
Example of a derivative working in a retail store : What is a derivative? Give an example of a derivative working in a retail store?
Find the monthly payments and the total interest : Suppose that you borrow ?$10,000 for five years at 6?% toward the purchase of a car. Find the monthly payments and the total interest for the amortized loan.
Pair of mortgage loan options : Consider the following pair of mortgage loan options for a $115,000 mortgage. Which mortgage loan has the larger total cost
Difference in the mean scores between the girls and boys : You discovered that there was a difference in the mean scores between the girls and boys.
What is forecast for paymore cash receipts in each quarter : What is the forecast for Paymore's cash receipts in each quarter of the coming year?
Binomial distribution with parameters : X be the number of heads. That is, X follows the binomial distribution with parameters n = 2, p=0.4.
Cash break-even point and accounting break-even point : What is the variable cost per unit? what is the accounting break-even point? what is the cash break-even point?

Reviews

Write a Review

Business Management Questions & Answers

  Parameters for operations during a specific time period

Budgeting allows for a company to set parameters for operations during a specific time period. There are many uses for a budget within a company or department.

  How resource-based competitive advantage drives strategies

Explain how resource-based competitive advantage drives globalization strategies for Fortune 500 firms.

  Should leadership be a shared process

1. Should leadership be the manager's job, or should leadership be a shared process? Explain your answer. 2. Are you interested in sharing leadership, or do you prefer to be a follower. Explain your answer.

  Would you prefer to buy a business or start a new one

Would you prefer to buy a business or start a new one? Explain your choice by giving some of the pros and cons of doing either.

  How is ge aviation structured to meet customer demands

How is GE Aviation structured to meet customer demands? If you could please provide a few outside resources (websites) where I can do more research and find information on this question that would be great!

  Demonstrate how leaders in your field of study have address

Demonstrate how leaders in your field of study have addressed the issue of change management - as well as any changes in management style.

  Inefficient and for causing consumers

Wholesalers are often criticized for being inefficient and for causing consumers to pay higher prices than they would if there were no wholesalers. Discuss.

  Garbage collector run simulation

Please answer in Word Doc. This is a Labor Relations class. If you do not have experience or knowledge with unions or Labor relations please do not answer Instructions

  Usa national debt been increasing for decades

Why has the USA national debt been increasing for decades? Think about the spending that the country has done in the past 10 years. What has it spent money on and why?

  Performance of duties versus an employee within the us

Would the same standards be held for an expat in the performance of duties versus an employee within the US?

  What is the current state of motivation for employees

What is the current state of motivation for employees, and what can you do to improve their motivation? How can the employees approach resolving conflicts with customers?

  Knowing the location and status of inventory and resources

Which of the following levels of supply chain information systems is most likely to provide the firm with a competitive advantage?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd