Using this table as needed, calculate the required information for the mortgage. (Round dollars to the nearest cent.) Amount Financed Interest Rate Term of Loan (years) Number of $1,000s Financed Table Factor (in $) Monthly Payment (in $) Total Interest (in $) $168,300 7.25% 15 $ $ $

Use this table to find the monthly mortgage payments, when necessary. Find the total interest for a mortgage of $116,500 at 7% for 30 years. $158,513.28 $162,401.00 $180,473.34 $270,509.00

Make an amortization table to show the first two payments for the mortgage. Amount of mortgage $401,995 Month 1 2 (Round to the Annual interest rate Years in mortgage Monthly payment 5.25% Monthly payment $2093.36 Interest $2093.36 est cent as needed.) $ 35 Principal $2093.36 End-of-month principal $

For the second mortgage application, calculate the percentage of appraised value and the potential credit (in $). Appraised Lender's Value Percentage of Percentage Appraised Value (in $) Balance of First Mortgage $358,700 75% $ $198,500 $ Potential Credit (in $)

As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) MonthlyPI AnnualPropertyTax AnnualInsurance MonthlyPITI $260,000 9.50% 25 $  $6,573 $2,126 $

Complete the following table: (Use Table 15.1.) (Do not round intermediate calculations. Round your answers to the nearest cent.)   First Payment Broken Down Into—   Selling price Down payment Amount mortgage Rate Years Monthly payment Interest Principal Balance at end of month   $221,000 $44,200   7.00 % 15

As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) AmountFinanced InterestRate Termof Loan(years) MonthlyPI AnnualPropertyTax AnnualInsurance MonthlyPITI $280,000 3.50% 25 $  $6,573 $2,156 $

Give typing answer with explanation and conclusion

Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. (Refer to  the images) Note: Round time value factor to 2 decimal places, intermediate and final answers to the nearest whole number.   Mortgage  Monthly gross income $ 4,700   Down payment to be made (percent of purchase price) 20%   Other debt (monthly payment) $ 260   Monthly estimate for property taxes and insurance $ 490   30-year loan 8.0%     1.) What is the affordable monthly mortgage payment? 2.) What is the affordable mortgage amount? 3.) What is the affordable house purchase price?

Using this table as needed, calculate the required information for the mortgage. Number Table Total Monthly Payment (in $) Term Amount Interest of Loan of $1,000s Factor Interest Financed Rate (years) Financed (in $) (in $) $85,500 8.00% 30 %24 %24 %24