is Window Help O, Q search Q Q 1.002 Homework 11-16-2020.pdf 3 ! Homework Assignment Due 11/21/2020 Suppose you want to buy a House that costs $335,000 . You can borrow at 3.25% per year for 30 years You have to make a Down Payment of 3.50% What are your monthly Payments, if your payment, including P & 1 and Escrow Payments, must equal 37% of your Gross Monthly Income (GMI)? Principal Interest Property Taxes Insurance 1 PITI Monthly Annually Escrow Account: Taxes: Insurance: $ $ $ 2,832.00 348.00 3,180.00 $ NE VY PV = PMT FV = 37.00 S GROSS MONTHLY INCOME: ANNUAL INCOME A atv 9 7 2 3 4 0 P Tue Nov 17 9:51 Go Tools Wide Help Suh @ - FM 101.862 Homework 11-16-2020.pdf CHALLENGE QUESTION! P 1 Suppose you make $65,000 per year You can get a mortgage at 3.50% per year for 30 years You have to make a Down Payment of 10.00% If your monthly Payment, including P & 1 and Escrow Payments, must equal 37% of your Gross Monthly Income (GMI), What is the maximum cost of a house that you can afford? Principal Interest Property Taxes Insurance PITI Monthly 2 Annually GML x 37% minus Escrow Account: Taxes: Insurance $ $ $ P&I 2,616.00 384.00 3,000.00 $ Escrow NE VY PV PMTE FV Mortgage Loan Cost of House Down Payment 2 3 a 0 w T Y F G K. Och Ed Vew de Toale Window Help DIN 901.002. Practice in Problem 11-16-2021.pdf To Womens Suppose you want to buy a House that costs $365,000 . You can borrow at 3.75% per year for 30 years You have to make a Down Payment of 15% What are your monthly Payments, if your payment, including P& 1 and Escrow Payments, must equal 31% of your Gross Monthly Income (GMI)? Principal Interest Property Taxes Insurance 1 T 1 PITI Monthly Annually Escrow Account: Taxes: Insurance $ $ $ 2,880.00 384.00 3,264.00 $ NE MY PV- PMT FV- + s GROSS MONTHLY INCOME: ANNUAL INCOME: 31.00% 5 Total Interest Paid over the 30 year period 5 6 7 9 Q W E R. U O S F G H is Window Help O, Q search Q Q 1.002 Homework 11-16-2020.pdf 3 ! Homework Assignment Due 11/21/2020 Suppose you want to buy a House that costs $335,000 . You can borrow at 3.25% per year for 30 years You have to make a Down Payment of 3.50% What are your monthly Payments, if your payment, including P & 1 and Escrow Payments, must equal 37% of your Gross Monthly Income (GMI)? Principal Interest Property Taxes Insurance 1 PITI Monthly Annually Escrow Account: Taxes: Insurance: $ $ $ 2,832.00 348.00 3,180.00 $ NE VY PV = PMT FV = 37.00 S GROSS MONTHLY INCOME: ANNUAL INCOME A atv 9 7 2 3 4 0 P Tue Nov 17 9:51 Go Tools Wide Help Suh @ - FM 101.862 Homework 11-16-2020.pdf CHALLENGE QUESTION! P 1 Suppose you make $65,000 per year You can get a mortgage at 3.50% per year for 30 years You have to make a Down Payment of 10.00% If your monthly Payment, including P & 1 and Escrow Payments, must equal 37% of your Gross Monthly Income (GMI), What is the maximum cost of a house that you can afford? Principal Interest Property Taxes Insurance PITI Monthly 2 Annually GML x 37% minus Escrow Account: Taxes: Insurance $ $ $ P&I 2,616.00 384.00 3,000.00 $ Escrow NE VY PV PMTE FV Mortgage Loan Cost of House Down Payment 2 3 a 0 w T Y F G K. Och Ed Vew de Toale Window Help DIN 901.002. Practice in Problem 11-16-2021.pdf To Womens Suppose you want to buy a House that costs $365,000 . You can borrow at 3.75% per year for 30 years You have to make a Down Payment of 15% What are your monthly Payments, if your payment, including P& 1 and Escrow Payments, must equal 31% of your Gross Monthly Income (GMI)? Principal Interest Property Taxes Insurance 1 T 1 PITI Monthly Annually Escrow Account: Taxes: Insurance $ $ $ 2,880.00 384.00 3,264.00 $ NE MY PV- PMT FV- + s GROSS MONTHLY INCOME: ANNUAL INCOME: 31.00% 5 Total Interest Paid over the 30 year period 5 6 7 9 Q W E R. U O S F G H
