What is your monthly piti payment if you escrow the taxes

Assignment Help Financial Management

Reference no: EM131884686

You have just bought a home in Ohio for your primary residence valued at $275,000 and your down payment was $55,000.

You financed your new home with a 30-yr fixed rate conventional mortgage at 4.75%, with $4000 in fees, which you paid up front.

Property Taxes are 120 Mills with 80 Effective Mills. What is your Monthly PITI Payment if you escrow the taxes and insurance?

Reference no: EM131884686

Questions Cloud

Give necessary entries for each event : During 2012 J & J made several treasury stock transactions. For each of the following give the entry(s) that J & J would have made. J & J uses the cost method.

Identify five stocks consistent with your strategy : Identify 5 stocks consistent with your strategy. Use Yahoo! Finance Stock Screener for this purpose.

Briefly define the purpose of penetration testing : Briefly define the purpose of penetration testing, as it applies to network security. Define how logging analysis can be used to enhance network security.

Determine the number of common shares : The 2013 annual report for Golden Grains disclosed that 1 billion shares of common stock have been authorized. At the end of 2012, 800 million shares had been.

What is your monthly piti payment if you escrow the taxes : Property Taxes are 120 Mills with 80 Effective Mills. What is your Monthly PITI Payment if you escrow the taxes and insurance?

What are the prices of the bond when interest rates increase : Using duration what are the prices of the two bonds when interest rates increase by 200 basis points. By a 75-basis point increase? Why?

What should tampico enterprises consider doing : Tampico Enterprises inventory turnover was 8.2 in 2X10. After analyzing several similar, competing companies, Tampico Enterprises found that the average.

What budget models is the application best applied : Discuss how the calculation of the coefficient of variation (ratio of the standard deviation to the mean) can be applied in budget variance analysis.

Write a program that prints a menu : Write a program that prints a menu. Based on the menu item selected by the user, the program should request the required inputs from the user.

User Account

All Pages