Mortgage Amount: $450,000.00

Monthly Payment from Question 1: $2,090.19

Monthly Payment with Extra $200: $2,290.19

Mortgage Term: 30 years

APR: 3.80%

Number of Payments Per Year: 12

Can you please show the excel workbook and how to calculate? Thanks!!

Question 3. Assume you go with the loan offered in Question 1. But, being the dilligent type, you decide you will over pay on the mortgage on each month. . (a.) Assuming that you decide to over pay on the mortgage by $200.00 a month, how many months will it take you to pay off the mortgage