Can you do this by friday

1. You would like to purchase a house whose market value is $128,000. Appraised value of the house is $123,000. Non-FHA closing costs are $1,000. The maximum FHA loan cannot exceed 95% of appraised value. Find: a. Implied maximum loan amount; b. UFMIP c. Total loan amount required d. Actual down payment e. Total cash required up-front 2. You are thinking about refinancing a mortgage. Existing mortgage has the following information: Amount is $250,000, remaining term is 15 years, interest rate is 6%. New mortgage has the following information: Amount is $250,000, remaining term is 15 years, interest rate is 4%. Expected time before paying of new loan is 7 years and cost of refinancing is 3 %. Determine: a. Monthly payment on existing mortgage b. Monthly payment on new mortgage c. Approximate benefit of refinancing d. Approximate net benefit of refinancing 3. The loan amount is $100,000. Annual interest rate is 12%. This is a 30 year mortgage. Determine breakdown of interest and principal in 18th year. a. What is the balance due after 204 period (Opening Balance)? b. What is the balance due after 216 period (Ending Balance)? c. What is the amount of principal paid? d. What is the amount of total payments? e. What is the total interest paid