What is the monthly mortgage payment

Assignment Help Financial Management
Reference no: EM131881579

A.) What is the monthly mortgage payment for a 30-yr fixed rate mortgage with an interest rate of 4.75%, 1.5 points, and $1000 in fees on a home with a value of $300,000 and a LTV of 80% (20% Down)?

B.) What is the interest paid, principal paid and balance on the mortgage in question A after 10 years?

C.) What is the APR if the mortgage in question 1 is refinanced after 10 years?

Can these be done on my baii plus? And how? please show work.

Reference no: EM131881579

Questions Cloud

How would you convince a ceo : Is the modified 5-question approach to ethical decision making superior to the modified versions of the moral standards or Pastin approach
What is the inside and outside basis of both partners : What amount is considered a gain or loss for Brandon and Landon's interest in the partnership? What is the inside and outside basis of both partners?
What is your opinion of ingborg two proposals : 1. What is your opinion of Ingborg's two proposals? Which, if either, would you accept, and why?
What is the after-tax cost of debt : Calculate the after tax cost of debt using the following information (hint: see page 285 in text). A company issues $2 million at 9% interest with a 15% tax.
What is the monthly mortgage payment : What is the monthly mortgage payment for a 30-yr fixed rate mortgage with an interest rate of 4.75%, 1.5 points, and $1000 in fees on a home.
What rate of return did investor receive : On December 31, 2007, the investor sold the stock for $1740, terminating his 5-year investment in XLA Corporation. What rate of return did he receive?
Height of pothole season : During March, the height of pothole season, Fred's is open from 7 a.m. to 9 p.m. on weekdays and 7 a.m. to 5 p.m.on Saturday.
What are the methods of amortizing discount on bonds payable : Differentiate between a fixed-rate mortgage and a variable-rate mortgage. What are the two methods of amortizing discount and premium on bonds payable?
Compute the net cash flow in 2015 : Compute the net cash flow in 2015, and explain the meaning of the final number you found from the computation.

Reviews

Write a Review

Financial Management Questions & Answers

  Many projects use a resource that the company already owns

Many projects use a resource that the company already owns. When evaluating a capital budgeting decision, we generally include interest expense. Only include as incremental expenses in your capital budgeting analysis the additional overhead expenses ..

  What is its weighted average cost of capital

If Jones is in the 35 percent tax bracket, what is its weighted average cost of capital?

  Use the present value formula

Think of something you want or need for which you currently do not have the funds. It could be a vehicle, boat, horse, jewelry, property, vacation, college fund, retirement money, etc. Select something which costs somewhere between $2,000 and $50,000..

  The amount of an invoice

The amount of an invoice from Franklin Decks and Porches is $5182.94 with terms of 4/7, 2/15, n/30. If the invoice is dated August 15, what amount should be paid on August 25?

  Usual combined return on the sale and the financing

How much do you need to charge for the bedroom set during the sale in order to earn your usual combined return on the sale and the financing?

  The just-in-time manufacturing system

The price-earnings ratio is the. The just-in-time manufacturing system.

  Calculate standard deviation of both the pound and dollar

Calculate the standard deviation of both the pound- and dollar-denominated rates of return

  Interest compounded monthly on all outstanding balances

How long in years does it take you to completely pay off a credit card debt of $25000 if you make monthly payments of $100. the card charges 19.8% interest compounded monthly on all outstanding balances. n=? i=? PV=? PMT=? FY=? P/y=? C/Y=?

  What is their future value if compounding rate

what is their future value if the compounding rate is 13.25 percent APR?

  Metropolis health system about their ambulance situation

Metropolis Health System has to do something about their ambulance situation. They have to (1) buy a new ambulance, (2) lease a new one, or (3) renovate an existing ambulance that MHS already owns. How much more information should Rob have before he ..

  An indirect cost of bankruptcy is the loss of key employees

An indirect cost of bankruptcy is the loss of key employees.

  Proposed new investment has projected sales

A proposed new investment has projected sales of $860,000. Variable costs are 60 percent of sales, and fixed costs are $195,000; depreciation is $86,000. Prepare a pro forma income statement assuming a tax rate of 35 percent. What is the projected ne..

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