Sara purchased a three-bedroom, two-storey house for $209 000 with a 10% down payment. The mortgage is 7.25% per year, amortized over 20 years. Assume the interest rate remains constant. How much will Sara end up paying before the house is truly hers?

Roberto bought a $290,000 house, paying 14% down, and financing the rest at 4.2% interest for 30 years. Her monthly payments are $1219.61. How much will he really pay for her $290,000 house?

Tobin is buying a new apartment. He can afford a mortgage payment of $1990 a month, and a down payment of $11000. He obtained a 16-year loan at 6.05% compounded monthly. Use Excel to determine what the most expensive apartment he can buy under these terms. How much will Tobin pay in interest over the 16-year years?   Apartment price = $ Interest paid = $

Paul and Paula are purchasing a home for a price of $500,000. To avoid paying mortgage insurance, they will make a down payment of 20% of the price or $100,000. They will finance the remaining $400,000 with a 30-year, monthly payment, amortized mortgage at a fixed 7.2% nominal interest rate, with the first payment due in one month. What will the size of their monthly payment be?

Please help me correctly.   Theresa and Raul purchased a house 10 years ago for $220,000. They made a down payment of 20% of the purchase price and secured a 30 year conventional home mortgage at 4.5% per year compounded monthly on the unpaid balance. The house is now worth $280,000. How much equity do Teresa and Raul have in their house now?.

Meg O'Brien borrowed $75,000 to pay for her child's education. She must repay the loan at the end of 8 years in one payment with 8.75% interest. What is the maturity value Meg must repay?