What is the debt service coverage ratio

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Please help me understand these questions and show how to do the calculations.

If a senior homeowner wants to put a RAM on her property that appraises for $750,000 so that she will receive a monthly payment of $1,800, and the RAM program charges 6.5% annual interest compounded monthly. What will her loan balance be in 22 years?

What is the APR on a 500,000 fixed rate loan amortized over 30 years but due in 10 years if the stated interest rate is 5% and the lender charges 2% origination fee, 18 for credit report, and 500 for appraisal?

- MUST be calculated to amount of time expected to be held!

What is the debt service coverage ratio for a 1.8million property generating a 6.5% before tax annual return on equity with a 1.5millon ten year interest only fixed mortgage at a 5.5% annual interest rate?

Reference no: EM132460376

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