Please enter the dollar amount of a 7.61% down payment. CMHC WEBSITE Current Home Price is: $148900 Down Payment: || Mortgage Amount Please Input your mortgage amount if you were to make that down payment. CMHC WEBSITE Current Home Price is: $148900 Down Payment: Mortgage Amount || I Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC WEBSITE Current Mortgage Amount Is: $ CMHC Premium III Mortgage Amount Please Input your new mortgage amount after the addition of a CMHC Premium to the Mortgage Amount. CMHC WEBSITE Current Mortgage Amount is: $ CMHC Premium Mortgage Amount II Instructions You Have Decided to use a 25 year Amortization for your Mortgage. Use this information to find the MONTHLY mortgage PAYMENT using the mortgage amount from previous section and a rate of 3.71%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 3 Years and 5 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4 P/Y -C// 25 Years Present Value of Loan (PV P1 Months P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Mortgage Rate As % (1/Y) Value At End of Loan (FV) PRINCIPAL PAID (PRN) 3.71 Section Value: 7 INTEREST PAID (INT) Submit Answers Instructions Find the MONTHLY mortgage PAYMENT of stress tested(+2%) on your rate of 3.71% with a 20 year amortization mortgage. You will use the mortgage amount from previous sections. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 1 Years and 5 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4/5 -P/Y C/Y 20 Years Present Value of Loan (PV P1 Months P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Mortgage Rate As % (I/Y) Value At End of Loan (FV) PRINCIPAL PAID (PRN) Section Value: 7 INTEREST PAID (INT) Submit Answers Please enter the dollar amount of a 7.61% down payment. CMHC WEBSITE Current Home Price is: $148900 Down Payment: || Mortgage Amount Please Input your mortgage amount if you were to make that down payment. CMHC WEBSITE Current Home Price is: $148900 Down Payment: Mortgage Amount || I Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC WEBSITE Current Mortgage Amount Is: $ CMHC Premium III Mortgage Amount Please Input your new mortgage amount after the addition of a CMHC Premium to the Mortgage Amount. CMHC WEBSITE Current Mortgage Amount is: $ CMHC Premium Mortgage Amount II Instructions You Have Decided to use a 25 year Amortization for your Mortgage. Use this information to find the MONTHLY mortgage PAYMENT using the mortgage amount from previous section and a rate of 3.71%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 3 Years and 5 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4 P/Y -C// 25 Years Present Value of Loan (PV P1 Months P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Mortgage Rate As % (1/Y) Value At End of Loan (FV) PRINCIPAL PAID (PRN) 3.71 Section Value: 7 INTEREST PAID (INT) Submit Answers Instructions Find the MONTHLY mortgage PAYMENT of stress tested(+2%) on your rate of 3.71% with a 20 year amortization mortgage. You will use the mortgage amount from previous sections. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 1 Years and 5 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4/5 -P/Y C/Y 20 Years Present Value of Loan (PV P1 Months P2 Months Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) Mortgage Rate As % (I/Y) Value At End of Loan (FV) PRINCIPAL PAID (PRN) Section Value: 7 INTEREST PAID (INT) Submit Answers
