Let’s assume instead they have great credit and qualify for a loan with an APR of 4.025%, what size home mortgage loan could they borrow that could be paid off in 30 years with these $950 monthly payments? Having an annual income of 46,000   it is not 154926.39

The Aikido family wants to obtain a conventional loan for 25 years at 13%. Suppose it finds a lender that will lend 95% for the $110,000 house it has selected, and its taxes and insurance amount to $1500 per year. (a) What will be their down payment on the loan?$ (b) What will be their total monthly payment, including taxes and insurance? (Round your answer to the nearest cent.)

You want to buy a $150,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 4.9% interest for the rest. The bank will charge 3 points on the amount financed. a) What is the amount of the down payment? b) How much is the loan amount going to be? c) What will be the amount charged for 3 points? *1 point is 1 % of the mortgage amount d) Find the amount of the monthly payment. (Do not add the cost of the points to the loan amount) Hint: click here Question Help: D Video Message instructor %24

You are in the market to buy a home.  You plan on borrowing $312,627 from the bank.  Interest rates are currently 3% for a 30 year mortgage (hypothetically, not actually).  How much money will you pay in interest over the lifetime of the loan?  Round to the nearest whole number.

(Do not provide solution in image and AI based).....

You've just taken out a student loan with a quoted interest rate of 4.1%. You will have to pay back $1,600 in 19 years, with no intermediate payments necessary.  A. How much did you borrow if interest is compounded monthly?  B. How much did you borrow if interest is compounded daily?

ADD-ON LOANS vs SIMPLE INTEREST LOANS. You are borrowing $500,000 on a 30 year, 5.5% interest loan to buy a property. 18a) What will the total interest be if it was an add-on interest loan?18b) How much would the monthly payment be (for 30 years) if it was an add-on interest loan?18c) What will the total interest be if it was a simple interest amortized loan?18d) How much would be the monthly payment (for 30 years) if it was a simple interest amortized loan?

1. Answer: 3493.4 need help with work!!!! A house has an assumable $120,000 below-market loan at 8.5 percent for a remaining term of 15 years. Current rates are 9 percent for 15-year mortgages. All else equal, how much more is a buyer willing to pay for the house with the assumable loan in place?