Suppose that 10 years ago you bought a home for $150,000, paying 10% as a down payment, and financing the rest at 8% interest for 30 years. Your existing mortgage (the one you got 10 years ago) how much equity do you have in your home?

Suppose you want to purchase a home for $525,000 with a 30-year mortgage at 4.84% interest. Suppose also that you can put down 30%. What are the monthly payments? (Round your answer to the nearest cent.) $ What is the total amount paid for principal and interest? (Round your answer to the nearest cent.) $ What is the amount saved if this home is financed for 15 years instead of for 30 years? (Round your answer to the nearest cent.)

You own a home that was recently appraised for $330,000. The balance on your existing mortgage is $117,450. If your bank is willing to loan up to 70% of the appraised value, what is the potential amount (in $) of credit available on a home equity loan?

You bought a house with a $430075 mortgage that you will pay off over 29 years.  Given your credit score, your interest rate is 7.27%.    What is your monthly payment? Answer:

If you have a $125,000 mortgage with a $700.00 monthly payment, payable over 30 years, what interest rate are you paying?

Mortgage, part 1 (The Loan)5 years ago you purchased a home for $215,000. You made a 10% down payment and paid for the rest with a 30 year mortgage with a rate of 4.65%. How much was the down payment?  How much of the purchase price did you finance with the loan?  What is your monthly payment? Use solver. Clearly write the formula you will use as well as all values used in the formula.  How much of the loan is left to pay after the first 5 years? Use solver. Clearly write the formula you will use as well as all values used in the formula.  How much did you pay to the lender (total) over the first 5 years?  How much of what you paid to the lender in the first 5 years was interest?  If you paid this loan for all 30 years, how much interest would you pay?