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Debt Amortization, House, 5- year Pay Off and house equity. An investor buys a $350,000 house and puts 20% down in cash and finances 80%

  1. Debt Amortization, House, 5- year Pay Off and house equity.

An investor buys a $350,000 house and puts 20% down in cash and finances 80% with a 3.5% fixed rate monthly mortgage. The house is expected to appreciate by 5% annually. Provide the:

  1. Monthly mortgage payment
  2. 5-Year Principal Payoff
  3. Value of the house in 5 years
  4. Equity in the house after 5 years.
  5. CAGR (compound annual growth rate) of 5 years.

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