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please help using the answers from section 2 and 3 this is all I was given... the house price of 429900 Section 2 - Down

please help
using the answers from section 2 and 3
image text in transcribed
image text in transcribed
this is all I was given... the house price of 429900
image text in transcribed
image text in transcribed
Section 2 - Down Payment Please enter the dollar amount of a 7.83% down payment. Down payment = 429900*0.0783 = 33661.2 Mortgage Amount = 429900-33661.2 = 396238.8 CMHC WEBSITE Current Home Price is: $ 429900 Down Payment: 33661.2 Mortgage Amount 396238.8 0 Section Value: 2 Section 3 CMHC Calculation Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC premium amount = 4% of 396238.8 = 15848.55 Mortgage amount = 296238.8+15848.55 = 412088.4 CMHC WEBSITE Current Mortgage Amount is: $ 396238.8 CMHC Premium Amount 15848.55 Mortgage Amount 412088.4 Sedion Values 2 E Section 4 - Mortgage Calculation Instructions You Have Decided to use a 20 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 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. marme Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4 P/Y -C/Y 20 Years Present Value of Loan (PV P1 Months P2 Months OWN PAYI AL MORT Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) CMHCI WEW MOR Mortgage Rate As % (v/Y) Value At End of Loan (FV17 PRINCIPAL PAID (PRN) 3.75 Section Value: 7 INTEREST PAID (INT) Submit Answers Section 2 - Down Payment Please enter the dollar amount of a 7.83% down payment. Down payment = 429900*0.0783 = 33661.2 Mortgage Amount = 429900-33661.2 = 396238.8 CMHC WEBSITE Current Home Price is: $ 429900 Down Payment: 33661.2 Mortgage Amount 396238.8 0 Section Value: 2 Section 3 CMHC Calculation Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC premium amount = 4% of 396238.8 = 15848.55 Mortgage amount = 296238.8+15848.55 = 412088.4 CMHC WEBSITE Current Mortgage Amount is: $ 396238.8 CMHC Premium Amount 15848.55 Mortgage Amount 412088.4 Sedion Values 2 E Section 4 - Mortgage Calculation Instructions You Have Decided to use a 20 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 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. marme Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4 P/Y -C/Y 20 Years Present Value of Loan (PV P1 Months P2 Months OWN PAYI AL MORT Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) CMHCI WEW MOR Mortgage Rate As % (v/Y) Value At End of Loan (FV17 PRINCIPAL PAID (PRN) 3.75 Section Value: 7 INTEREST PAID (INT) Submit Answers Section 2 - Down Payment Please enter the dollar amount of a 7.83% down payment. Down payment = 429900*0.0783 = 33661.2 Mortgage Amount = 429900-33661.2 = 396238.8 CMHC WEBSITE Current Home Price is: $ 429900 Down Payment: 33661.2 Mortgage Amount 396238.8 0 Section Value: 2 Section 3 CMHC Calculation Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC premium amount = 4% of 396238.8 = 15848.55 Mortgage amount = 296238.8+15848.55 = 412088.4 CMHC WEBSITE Current Mortgage Amount is: $ 396238.8 CMHC Premium Amount 15848.55 Mortgage Amount 412088.4 Sedion Values 2 E Section 4 - Mortgage Calculation Instructions You Have Decided to use a 20 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 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. marme Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4 P/Y -C/Y 20 Years Present Value of Loan (PV P1 Months P2 Months OWN PAYI AL MORT Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) CMHCI WEW MOR Mortgage Rate As % (v/Y) Value At End of Loan (FV17 PRINCIPAL PAID (PRN) 3.75 Section Value: 7 INTEREST PAID (INT) Submit Answers Section 2 - Down Payment Please enter the dollar amount of a 7.83% down payment. Down payment = 429900*0.0783 = 33661.2 Mortgage Amount = 429900-33661.2 = 396238.8 CMHC WEBSITE Current Home Price is: $ 429900 Down Payment: 33661.2 Mortgage Amount 396238.8 0 Section Value: 2 Section 3 CMHC Calculation Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC premium amount = 4% of 396238.8 = 15848.55 Mortgage amount = 296238.8+15848.55 = 412088.4 CMHC WEBSITE Current Mortgage Amount is: $ 396238.8 CMHC Premium Amount 15848.55 Mortgage Amount 412088.4 Sedion Values 2 E Section 4 - Mortgage Calculation Instructions You Have Decided to use a 20 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 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. marme Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4 P/Y -C/Y 20 Years Present Value of Loan (PV P1 Months P2 Months OWN PAYI AL MORT Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) CMHCI WEW MOR Mortgage Rate As % (v/Y) Value At End of Loan (FV17 PRINCIPAL PAID (PRN) 3.75 Section Value: 7 INTEREST PAID (INT) Submit Answers

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