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Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Beginning Principal

Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Beginning Principal of month 19 is closest to

A. $178,237.

B. $187,942.

C. $147,304.

D. $191,542

E. $156,500

Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 124 after servicing fee is paid is closest to

A. $1,928

B. $1,753

C. $1,649

D. $1,592

E. $1,418

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