Suppose you take out a 30-year mortgage for $ 225000 at 8.5% interest. The monthly payments on this loan are $ 1730.06. If you pay an extra 40% per month on your mortgage, how soon will you pay off the loan? New length in years =  How much will you save in interest by making the extra payments? Saving =  If you put $ 1730.06 per month into an annuity earning 10.25% interest compounded monthly for the remaining time on your original loan, how much money will you have at the end of the original 30 years? Extra savings =

Suppose you want to purchase a home for $475,000 with a 30-year mortgage at 4.34% interest. Suppose also that you can put down 25%. What are the monthly payments? (Round your answer to the nearest cent.)

Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. a. Find the monthly payment.

You have just made an offer on a new home and are seeking a mortgage. You need to borrow $620,000. a. The bank offers a 30​-year mortgage with fixed monthly payments and an interest rate of 0.53% per month. What is the amount of your monthly payment if you take this​ loan? b. Suppose you take the 30​-year mortgage described in part ​(a​). How much will you still owe on the mortgage after 10 ​years? a. The bank offers a 30​-year mortgage with fixed monthly payments and an interest rate of 0.53% per month. What is the amount of your monthly payment if you take this​ loan?   Your monthly payment will be ​$nothing. ​(Round to the nearest​ cent.) b. Suppose you take the 30​-year mortgage described in part ​(a​). How much will you still owe on the mortgage after 10 ​years?   The remaining loan amount will be ​$nothing. ​

Suppose that your unsubsidized Stafford loans plus accumulated interest total $ 34000 at the time you start repayment, the interest rate is 7.5% APR, and you elect the standard repayment plan of a fixed amount each month for 10 years. What is your monthly repayment? Repayment amount =  How much will you pay in interest?Interest paid =

You buy a house for $230000, and take out a 30-year mortgage at 6% interest. For simplicity, assume that interest compounds continuously. A) What will be your annual mortgage payment? $ per year %24

How much will the monthly mortgage payment be if you purchase a new condominium for $150 000 with an interest rate of 4%/a compounded monthly? The mortgage amortization period is 25 years (there is a 5% down payment that should be paid upfront)?

17) You want to buy a house and will need to borrow $215,000. The interest rate on your loan is 5.41 percent compounded monthly and the loan is for 30 years. What are your monthly mortgage payments?

Suppose you want to purchase a $ 165000 house. If you put 20% down and finance the rest in a 15 year mortgage at an interest rate of 5.25%, what will your monthly payments be? Monthly payment =

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.)