Question
1.You are purchasing a property with an NOI of $200,000. The lender will loan you funds at 4.5% at a 1.25 Debt Coverage Ratio with
1.You are purchasing a property with an NOI of $200,000. The lender will loan you funds at 4.5% at a 1.25 Debt Coverage Ratio with monthly payments for 20 years. What are the monthly payments?
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$13,759.23
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$13,900.00
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$13,888.89
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$14,128.39
2.Based on the previous question what is the loan Present Value?
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$2,195,353.46
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$2,015,2725.12
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$2,201,127.33
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None above
3) What is the cost of financing for a 25-year loan of $500,000 with monthly payments at 6.0% if one point is charge and the loan is paid off at the end of year 4?
a. 6.0% b. 6.25% c. 6.29% d. 7.25%
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Money School Become Financially Independent And Reclaim Your Life
Authors: Lacey Filipich
1st Edition
1760890227, 978-1760890223
