Question
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
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 9 after servicing fee is paid is closest to
| A. $1,446 | ||
| B. $1,653 | ||
| C. $1,949 | ||
| D. $1,892 | ||
| E. $1,598 |
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 39 after servicing fee is paid is closest to
| A. $2,928 | ||
| B. $2,953 | ||
| C. $2,949 | ||
| D. $2,083 | ||
| E. $1,892 |
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Financial Markets And Institutions
Authors: Jeff Madura
10th Edition
1285531507, 9781285531502
