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Ann would like to buy a house. It costs $ 2 , 5 0 0 , 0 0 0 . Her down payment will be
Ann would like to buy a house. It costs $ Her down payment will be $ She will take out a mortgage for the remainder. It will be a year, fully amortizing, FRM with constant monthly payments and monthly compounding. The annual interest rate is She will pay $ in closing costs at origination.She will also pay of the balance in buydown points at origination.Note: the home is bought and the loan is taken in month the first payment is due in month In the spreadsheet where it says cash inflow, outflow and net cash flow you should only take into account cash flow related to the mortgage.
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