Compute the interest paid on a 30-year mortgage for $216,427 if the annual interest rate is 3.8

Assume that you take out a 30-year mortgage (360 months) with a face value of $425,000 and a stated annual rate of 2.51%. Given this information, and assuming no prepayments, determine what percentage of your 153rd monthly payment will go towards interest. A) 51.15% B) 63% C) 53.37% D) 35.25% E) 41.06%

A 9-year mortgage is repaid by making monthly payments of $900. If the interest rate is 4.50% compounded semi-annually, what was the original amount of the mortgage?

A 25-year mortgage requires payments of $3,712.70 at the end of each three months. If interest is 2% compounded monthly, a) what was the mortgage principal? $ b) what would be the amount of interest charged? $

Consider a home mortgage of $125,000 at a fixed APR of 4.5% for 25 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. ..... a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Determine the monthly principal and interest payment for a 15​-year mortgage when the amount financed is ​$85,000 and the annual percentage rate​ (APR) is 7.0​%

Assuming a 28% lender's affordability ratio, estimated monthly property taxes and insurance of P250, a 25% down payment (of the purchase price), and an annual gross income of P84,800, calculate the maximum purchase price based on monthly income. The monthly payment will occur at the end of the month and you plan to pay off the mortgage over a 30-year period at a 6.25% annual interest rate. a.P374,343b.P280,757c.P282,219d.P321,360e.None of the above

Given the following information on a 30-year fully-amortizing mortgage, use the amortization table function on your financial calculator to determine the portion of the monthly payment that goes to principal in 84th payment. Loan amount: $250.000; Annual interest rate: 6%; Monthly payment: $1,498.88.

What is the monthly payment (beginning) of a 30 year, 4.8%, $200,000 mortgage?

A mortgage of $176,000 is to be repaid by making payments of $1010 at the end of each month. If interest is 5.74% per annum compounded annually, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). The term of the mortgage is year(s) and month(s).