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Part 2: Partially amortized fixed rate mortgage (CPM) Create a monthly amortization schedule for a partially amortized $300K, 30yr, 4.25% fixed rate mortgage. The mortgage

Part 2: Partially amortized fixed rate mortgage (CPM)

  1. Create a monthly amortization schedule for a partially amortized $300K, 30yr, 4.25% fixed rate mortgage. The mortgage is 40% amortized over the life of the loan. The original loan balance is 75% of the property's value when initiated, and the property is expected to appreciate at a rate of 2.0% annually.
  2. What is the remaining loan balance at the end of the holding period if the property owner sells the property after 73 months?
  3. Illustrate with a well-labeled graph the amount of equity the property owner builds throughout the holding period of the loan.
  4. What is the owner equity in the property when the property is sold?
  5. What is the NPV and IRR of this investment, if the property owner sells the property after 73 months?
INTEREST RATE 0.35%
LOAN AMOUNT 120000
PERIOD 360
MONTNHLY PAYMENTS -$590.33

I need an excel sheet for the amortization but do not know the steps to set it up. If possible please create a chart with the steps included! Thank you so much!

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