Calculate Monthly Mortgage PMTs

1. Supposing you are planning to buy a home in Worcester near WSU at a Price of $350,000, You have decided to make a down payment of 10% and finance the balance at a Fixed Mortgage rate of 4.5% with monthly payments over 25 years. What is your monthly Payment?

CALCULATE LOAN BALANCE

Refer to Q # 1 and use the same given data to calculate your Loan Balance at the end of 1st year.

According to your calculations, the Loan Balance at the end of 1st year is:

PLEASE, I DON'T WANT THE ANSWER TO BE HANDWRITTEN. THANK YOU!