Add-ins O Search Help Acrobat Good Neutral Normal Bad Text Check Cell Explanatory ... Input Conditional Format as Calculation Formatting Table e 8 Center $ - %. Styles Number Section 4 - Mortgage Calculation Instructions You Have Decided to use a 20 year Lamortization for your Mortgage. Use this information to find the MONTHLY mortgage PAYMENT using the mortgage amount from previous section and a rate of 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question $418894 20 Years -P/Y -C/Y Present Value of Loan (PV P1 Months P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Mortgage Rate As % (/Y) Value At End of Loan (FV) PRINCIPAL PAID (PRN) 3.75 Section Value: 7 INTEREST PAID (INT) Submit Answers Help Acrobat O Search Good Ne Normal Bad Check Cell Explanatory... Inpt $ - % 9 0 Conditional Format as Calculation Formatting Table Styles Number 5 - Mortgage Calculation Instructions Find the MONTHLY mortgage PAYMENT of stress tested(+2%) on your rate of 3.75% with a 25 year amortization mortgage. You will use the mortgage amount from previous sections. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question $418894 25 Years P/Y wrc/y Present Value of Loan (PV P1 Months P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Mortgage Rate As % (/Y) Value At End of Loan (FV) PRINCIPAL PAID (PRN) Section Value: 7 INTEREST PAID (INT) Submit Answers MortgageCase1125-2020 - Saving... Add-ins Help Acrobat O Search Normal Bad Good Neutral Check Cell Explanatory ... Input Center $ % 980 Conditional Format as Calculation Formatting Table X Mortgage Calculations Section Value: 13 Instructions Please determine the amortization for the following two payment frequencies using the mortgage amount: $418894. Submit Answers Monthly PMT from Section 4 (HINT: Solve for N and adjust your mortgage payment from section 4.MAKE SURE YOUR PMT IS NEGATIVE.) Value At End of Loan (FV) Mortgage Rate As %/Y) Present Value of Loan (PV 3.75 Question 1: Question 2: N Payment Frequency 1 Weekly Formulas for coverting payment frequencies are in Chapter 7 of your textbook Payment Frequency 2 Accel. Bi-Weekly PAY c/Y P/Y /Y Number of Periods (N) Number of Periods (N) Payment (PMT) Payment (PMT) Amortization in Years 12 Decimals) Amortization in Yaar (2 Decimals) * BLAIR WITCH MortgageCasel elp Acrobat Search Good Neutra Normal Bad Check Cell Explanatory... Input - %. Conditional Format as Calculation Formatting Table Styles Number Section 7 - Property Tax rview Hame Instructions The City of Edmonton has assessed your property at a value of $441290.03 and the Mill Rate is 8.6869. What are the Annual and Monthly property tax amounts? s KE SURE BLE TO Part 1 Annual Property Tax Amount Monthly Property Tax Amount Part 5 Instructions You will be getting possession of the home on July 1st. What will the property tax adjustment be? Who will have to pay? Adjustment Amount Who Pays Adjustment? Section Value: 6 Submit Answers MortgageCasel elp Acrobat Search Good Neutra Normal Bad Check Cell Explanatory... Input - %. Conditional Format as Calculation Formatting Table Styles Number Section 7 - Property Tax rview Hame Instructions The City of Edmonton has assessed your property at a value of $441290.03 and the Mill Rate is 8.6869. What are the Annual and Monthly property tax amounts? s KE SURE BLE TO Part 1 Annual Property Tax Amount Monthly Property Tax Amount Part 5 Instructions You will be getting possession of the home on July 1st. What will the property tax adjustment be? Who will have to pay? Adjustment Amount Who Pays Adjustment? Section Value: 6 Submit Answers MortgageCase1125-2020 - Saving... View Add-ins Help Acrobat O Search Normal Bad Good Neutral Wrap Text Check Cell Explanatory... Input Merge & Center $ % 900 Conditional Format as Calculation Formatting Table at Number Steles Section 8 - Qualification Part 1 With your Annual Income of: $135444.71 and the figures you already determined for a Stress Tested Monthly Mortgage Payment, and Property Tax of $, calculate Gross Debt Service Ratio. Assume the cost of heating the home will be $201.85. Do you qualify to purchase this home based on GDS Ratio? If not, what is the income that you would require? Total Monthly GDS Expenses GDS Ratio as a % lie: 3.45% Do they Qualify on GDS? Part 2 If you have consumer debt servicing in the amount of $1032.63 per month. What is the the TDS ratio? Do you qualify for the purchase based on this number? If no, what is the income required to qualify? Total Monthly TDS Expenses TDS Ratio as a % I to: 3.45% Do they Qualify on TDS? Section Value: 9 Submit Answers WIAC