A borrower has taken out a 30-year mortgage for $104,000 at an annual rate of 12%. a. Use the table to find the monthly payment for this mortgage. b. Construct the first three lines of an amortization schedule for this mortgage. c. Assume that the borrower has decided to pay an extra $200 per month to pay off the mort more quickly. Find the first three lines of your payment schedule under this assumption.

Calculate the original loan size of a fixed-payment mortgage if the monthly payment is $1,146.78, the annual interest rate is 8.0%, and the original loan term is 15 years.

You took out a fully amortizing 30 year mortgage with the initial balance of $6767. This mortgage has a fixed interest rate at 3%. After you completed five full years of monthly payments (60 monthly payments have passed), what is the remaining balance on your mortgage? Round your answer to the nearest cent (e.g. if your answer is $7000.9873, enter 7000.99).

You want to take a $172260 mortgage at j2 = 11.59 % and can afford topay up to $5030 per quartely. What repayment period in the whole years should you request ? What will be your payment year to repay mortgage in calculatednumber of years ?

Solve the problem. If​ necessary, use the table of monthly payments below. Round your answer to the nearest cent.   Find the monthly payment needed to amortize principal and interest for the following​ fixed-rate mortgage. Mortgage​ amount: ​$177,000 Term of​ mortgage: 10 years Interest​ rate: 9%

A mortgage loan having a face value of \\( \\$ 265,000 \\) is arranged by a mortgage broker. From this face value, the broker deducted a fee of \\( \\$ 4,000 \\). The mortgage is written at a contract rate of \\( 3.2 \\% \\) compounded semiannually for a twenty-five year term, with monthly payments. What is the annual cost of borrowing, including the brokerage fee, expressed as an effective interest rate? \\( 3.00 \\% \\) \\( 3.37 \\% \\) \\( 3.73 \\% \\) \\( 4.15 \\% \\) \\( 4.09 \\% \\)

Use the formula or a calculator application to find the total interest paid for the home mortgage of ​$279,185 at 4.697​% interest for 30 years given that the monthly payment is ​$1,446.62.

Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. Twenty-year mortgage for $280,000 at 3.78%; remaining balance after 12 years.

Show the first two lines of the amortization table for your new home mortgage, assuming a sellingprice of $118,500, a down payment of 6%, annual interest rate 5.3% compounded monthly, andmonthly payments on a 30-year mortgage. (Please help by solving through calculator)

You have just purchased a home and taken out a $550,000 mortgage. The mortgage has a 30-year term with monthly payments and an annual percentage rate (APR) (with semi-annual compounding) of 6.80%. (Note: Be careful not to round any intermediate steps less than six decimal places.) a. How much will you pay in interest, and how much will you pay in principal, during the first year? b. How much will you pay in interest, and how much will you pay in principal, during the twentieth year (i.e., between 19 and 20 years from now)? a. How much will you pay in interest, and how much will you pay in principal, during the first year? During the first year, you will pay an interest payment of $ (Round to the nearest dollar.) During the first year, you will pay a principal payment of $ (Round to the nearest dollar.)