Question
can you please help me with this and please show steps of how you got the answer. thank you! John purchased a house for and
can you please help me with this and please show steps of how you got the answer. thank you!
John purchased a house for and seeks a loan. His lender presents two options; 80% LTV at 4% or 90% LTV a 5%. Both loans are paid monthly and have a 30 year terms. 300,000 What is How would you cost f borrowing the 90% is 2 points tional PMT charged on loan? What would be the incremental cost of the additional money if John planned to stay in the home for only 5 years? (solve without the points) Outstanding Amount (80%) PMT PMT 25 25 Outstanding Amount (90%) PMT The two house below are identical in all however House A can only be financed at market rates of 6% interest While House B you can assume the Seller's VA loan at 4% (each monthly for 30 years and at 80% ofvalue or $160,00 What is the cash House A equivalent price of House B? House B 4% A propeny available for sale that normally would be financed with a fully amortizing loans at 10% With monthly payments over a 2S year term. The builder is offering buyers a mortgage that reduces the payments by 50% for the first years and 25% for the second year. After the second year payments go back to the regular amount. HOW much s the builder ve to pay bank for this
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started