Find the current annual interest rate offered on a 30-year fixed-rate mortgage for $100,000. Then use an online mortgage calculator to figure the amount of a monthly payment and the total amount of interest that will be paid over 30 years.

Use PMT formula on the image uploaded to determine the regular payment​ amount, rounded to the nearest cent. The cost of a home is financed with a $150,000 20​-year fixed-rate mortgage at 3.5​%.   a. Find the monthly payments and the total interest for the loan.   b. Prepare a loan amortization schedule for the first three months of the mortgage. ______________________________________________________________ a. The monthly payment is ​$________.. ​(Do not round until the final answer. Then round to the nearest cent as​ needed.)   - The total interest for the loan is $_______. ​(Use the answer from part a to find this answer. Round to the nearest cent as​ needed.)   b. Fill out the loan amortization schedule for the first three months of the mortgage below.   Payment Number Interest Principal Loan Balance   1 ​$ ​$ ​$   2 ​$ ​$ ​$   3 ​$ ​$ ​$   ​(Use the answer from part a to find these answers. Round to the…

Answer the following question using a spreadsheet and the material in the appendix. You would like to buy a house. Assume that given your income, you can afford to pay $12,000 a year to a lender for the next 30 years. If the interest rate is 7% how much can you borrow today based on your ability to pay? What about if the interest rate is 3%? Maximum mortgage at 7%: $     Maximum mortgage at 3%: $

A lender offers you a $125,000, 30 year mortgage with monthly payments of $769.65. What’s the interest rate?

Find the monthly payment needed to amortize a typical $90,000 mortgage loan amortized over 30 years at an annual interest rate of 3.3% compounded monthly. (Round your answers to the nearest cent.)$ Find the total interest paid on the loan.$

Find the monthly payment needed to amortize a typical $245,000 mortgage loan amortized over 30 years at an annual interest rate of 3.5% compounded monthly. (Round your answers to the nearest cent.)$ Find the total interest paid on the loan.$

S&S Air Mortgage case study. Please refer to all images and answer each question thoroughly.

Use chart.

Consider a home mortgage of $225,000 at a fixed APR of 6% for 30 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.) b. The total amount paid over the term of the loan is $ (Round to the nearest cent as needed.) c. Of the total amount paid,% is paid toward the principal, and % is paid for interest. (Round to one decimal place as needed.)

Watch the video and then solve the problem given below. Click here to watch the video. You are considering a loan with an annual rate of 8%. The mortgage is $130,000 with 180 monthly payments of $1242.35 for 15 years. Complete the first two months of the amortization table. (Simplify your answers. Round to the nearest cent as needed.) Payment number Interest payment Principal payment Balance of loan 1