What amount of loan would be available to me

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Reference no: EM13945153

If I have a mortgage of $200,000 payable in 360 payments at 6.25% APR

What is my monthly payment? _______________

What is my balance after 2 years? _______________

What would my payment be if I had a balloon payment of $100,000? _______________

If I can afford $1500 per month, and loans were available at 4.25% for 30years

What amount of loan would be available to me? _______________

What if I could increase my monthly payment to $2000, what amount could I have?

Reference no: EM13945153

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