Celine has established that she can afford a weekly payment of $1,450.00. She would like to have a mortgage with an amortization of 25 years and a 7-year term. Current interest rates for a 7-year term are 6.55% compounded semi-annually not in advance. What the maximum conventional mortgage amount Celine would be able to acquire? a) $215, 498.80 b) $467,590.16 c) $935, 413.12 d) $935,760.22please give me the answer with explaination and with right calculations

Phil Pittman is interested in a fixed-rate mortgage for $400,000. He is undecided whether to choose a 15- or 30-year mortgage. The current mortgage rate is 4.5% for the 15-year mortgage and 5% for the 30-year mortgage. (Round your answers to the nearest dollar. Use this table, if necessary.)

Justin and Hayley are interested in a fixed-rate mortgage for $450,000. They are undecided whether to choose a 15- or 30-year mortgage. The current mortgage rate is 3.5% for the 15-year mortgage, and 3.85% for the 30-year mortgage (a) What are the monthly principal and interest payments for EACH loan?   (b) What is the total amount of interest paid on EACH loan?   (c) Overall, how much more interest is paid by choosing the 30-year mortgage?

Phil Pittman is interested in a fixed-rate mortgage for $200,000. He is undecided whether to choose a 15- or 30-year mortgage. The current mortgage rate is 8% for the 15-year mortgage and 8.5% for the 30-year mortgage. (Round your answers to the nearest dollar. Use this table, if necessary.) (a) What are the monthly principal and interest payments (in $) for each loan? 15-year mortgage $ 1,911.304 30-year mortgage $ 1,537.827 (b) What is the total amount of interest (in $) paid on each loan? 15-year mortgage $ 30-year mortgage $ (c) Overall, how much more interest (in $) is paid by choosing the 30-year mortgage?

3. Ann obtains a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for the $1,500,000 at 7.05%. How much does Ann need to pay monthly? ( Explain well with proper step by step answer) .

am. 118.

Poppy is considering a $160,000$160,000 mortgage for 3030 years at a 4.6%4.6% interest rate. With this information, her monthly payment would be $820.23$820.23. If she only makes the minimum payment each month, what is the total payback of this loan?  How much of this total payback is interest?

The Hills obtain a 30-year, $144,000 conventional mortgage at a 4.5% rate on a house selling for $180,000. Their monthly mortgage payment, including principal and interest, is $729.63. They also pay 2 points at closing. Determine the total amount the Hills will pay for their house over 30 years. The total amount is $ (Round to the nearest cent as needed.)