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Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $1,250,000 Mortgage A has a 4.38% interest rate and
Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $1,250,000 Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. Assuming Ann makes payments for 2 years before she sells the house and pays the bank the balance, what is Ann's annualized IRR from mortgage A? Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $1,250,000. Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. Assuming Ann makes payments for 2 years before she sells the house and pays the bank the balance, what is Ann's annualized IRR from mortgage B? Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $1,250,000. Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront. Mortgage B has a 6% interest rate and requires Ann to pay zero fees upfront. Assuming Ann makes payments for 2 years before she sells the house and pays the bank the balance, which mortgage has the lowest cost of borrowing (ie lowest annualized IRR)? Ann obtains a 30 year Interest Only Fixed Rate Mortgage with monthly payments for $1,250,000 at 4.38%. What will Ann's monthly payments be
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