What is the loan to value ratio

Assignment Help Financial Management

Reference no: EM132056324

You are considering the purchase of a home; your down payment of $15,000 and the purchase price is $175,000 financing is available for 30 years at 4.5%

1-What is the monthly P&I payment for this mortgage?

2-What is the loan to value ratio (LTV)?

3-Based on the above LTV would you be required to purchase Private Mortgage Insurance (PMI)?

4-If annual property taxes are $2,500 and annual homeowner's insurance is $800 how much will be placed in an escrow account each month to pay these expenses?

Reference no: EM132056324

Questions Cloud

What is the project npv under the best case : In the best case, annual sales increases to $ 2 million, and WACC decrease to 10%. What is the project’s NPV under the best case?

What did you learn from the course that was not expected : What did you learn from the course that was not expected? What do you feel this course has prepared you for in terms of graduate study in Psychology?

What larger issues might hinge on your findings : What are theoretical, clinical or practical significances of your outcomes and what is the basis for these interpretations?

How can internal and external validity be increased : How can internal and external validity be increased in an experiment? Just need 125 words. The response must be typed.

What is the loan to value ratio : What is the monthly P&I payment for this mortgage? What is the loan to value ratio (LTV)?

Examine research proposal of placebos effects : In 7- slides, not including the title and reference slide, outline your research proposal of placebos effects, to present to your classmates.

Number of futures contracts required to synthesize the cash : Calculate the number of futures contracts required to synthesize the cash, and state whether it will be a long or short position.

What is the traders net profit or loss and per share : At expiration, the stock traded for $38/share. What is the traders net profit or loss, per share?

How many participants will be involved in the study : Participants- How many participants will be involved in the study? What were the relevant characteristics (age, gender, race, etc.)?

User Account

All Pages