Reference no: EM133114699
Questions - A person was considering buying a house priced at $350,000. A mortgage company claimed the interest rate for the 20-year loan is 2.75%. The company also estimated that the points and Appraisal, Credit Report, Processing, Document Preparation, Administration, Underwriting, Flood Certificate, Tax Service, Wire Transfer, and other fees would be $15,000 in total.
What would be the monthly payment, if the person decided to borrow 80% of the cost of the house and 100% of the processing fees?
What is the APR of the loan?
If the person accepts the terms of the loan on Feb. 29, 2016, the first monthly payment is due on March 31. How much mortgage would have been paid off after the payment on January 31, 2021?
If the person accepts the terms of the loan on Feb. 29, 2016, the first monthly payment is due on March 31. How much interest charge could this person claim for deduction in the 2020 Tax Return, i.e. the total interest occur during year 2020?
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Present value of the total depreciation tax shield
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Prepare the appropriate entries as of december
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What would be the monthly payment
: What would be the monthly payment, if the person decided to borrow 80% of the cost of the house and 100% of the processing fees
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Interference on wlans
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