Find the monthly payment for a 289,500.00 home with 20% down payment. The terms of the mortgage are 8.5% for 25 years. Note:Find the down payment and use a 'Monthly Payment of Mortgage' table. Extra: Find the monthly payment for that home for any combination of terms: 8.5% & 9.5%, 20 & 25 years, 20% & 25% down payment. Compare with given.

Please show how to solve a. b. and c. using the information below and Excel. Interest-only mortgage with monthly payments and loan amount: $56,000; Term: 15 years; Annual interest rate: 7.5% a. What is the total payment in the 180th month? b. What is the outstanding balance at the end of 10 years (120 months)? c. What is the total interest payment during the entire loan term (180 months)?

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%

Based on Exhibit 9-9, or using a financial calculator, what would be the monthly mortgage payments for each of the following situations? How do I round time value factor and final answers to 2 decimal places? What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment?

Find the indicated amounts for the fixed-rate mortgages. Purchase price of home Down Mortgage Interest payment amount Monthly payment Mortgage payment Total paid for mortgage Interest Years rate paid per $1,000 S130,000 | Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed. 5.00% 30 The mortgage amount is $ (Round to the nearest dollar as needed.)

Find the monthly house payments nessary to amortize the following loan. Find total payments and total interest paid. 198000 at 6.94% for 30 years.

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.

Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. (Refer to Exhibit 9-8 and Exhibit 9-9.) Note: Round time value factor to 2 decimal places, intermediate and final answers to the nearest whole number. Monthly gross income Down payment to be made (percent of purchase price) Other debt (monthly payment) Monthly estimate for property taxes and insurance 30-year loan Affordable monthly mortgage payment Affordable mortgage amount Affordable home purchase price Affordable Amount Mortgage Costs $ 3,250 20 Percent $ 175 $ 210 7.0 Percent

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)

Please explain each step, step by step