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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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