What is the monthly mortgage payment for a fixed rate

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Reference no: EM131903766

1) What is the Monthly Mortgage Payment for a 30-yr fixed rate mortgage with an interest rate of 4.25%, 1.5 points and $3000 in fees on a home with a value of $325,000 and an LTV of 93%?

2) What is the Monthly Mortgage Payment for a 15-yr fixed rate mortgage with an interest rate of 3.00%, 1 point and $2000 in fees on a home with a value of $225,000 and an LTV of 93%?

For the answers use N, I/Y, PV, PMT, FV

Reference no: EM131903766

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