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E) $1253.08 9. You purchase a $200,000 house and you pay 20% down. You obtain a fixed rate 30-year mortgage where the annual interest rate is 7%. What is the monthly payment? A) $1,330.61 B) $1,693.82 C) $1,064.48 D) $933.33 E) $852.96 10. A homeowner can obtain a $160,000 30-year fixed rate m points or at a rate of 6.75% with 2 points. Ifyou will keep the mortgage for 30 years, what is the net present value of paying the points (i.e., how much can he save)? A) $4,016.22 B) $1,646.38 C) $816.22 D) $563.59 E) $920.12 ortgage at a rate of 7.0% with zero risk is the risk that a borrower may prepay the mortgage in response to a decline in interest rates A) Liquidity B) Credit C) Prepayment D) Counterparty m most other types of debt securities (except mortgage bonds) in that Mortgages differ fro mortgages A) have a very large fixed par value. B) cannot be sold to other parties. C) are never securitized. D) are backed by real property. 12. Which of the following statement is right? A) You most likely will get higher rates on your mortgage than on B) On average, 15-year fixed-rate mortgages have higher rates 13. mortgages mortgages usually charge higher rates than conventional ubp C Sates on 10-year T-notes are higher than morteage rates in the United States rime