please help with 14-18 thank you

Now seven more years have passed, a total of ten years since you bought the condo. The real estate market slowed down and then it crashed. For the next 6 years, your condo appreciated at 1% per year, but then over-building finally caught up with Colorado and in year 10 the housing market fell 20%. You pay a broker a 5% commission to sell the condo. You also have closing costs of $2.500 14 15 16 What is the value (sale price) of your condo at the end of year ten? Hint it's worth less than you paid for it. In total, how much do you have to pay in broker commissions and closing costs? What are your cash proceeds, after you sell the condo and after paying the broker and closing costs? What is the principal balance you owe on the mortgage at the end of year ten? (Hint: be careful here... It's 10 years since you bought the condo, but you refinanced to a new mtge at the end of year three... so be careful: how many months have possed on this new mortgage?) 17 18 You sell the condo, receive cash (question 16) and pay off the mortgage (question 17). How much cash do you have left after the sale? hir randuar thaca ten vears? Let's look at the total economics. Module 6 Canvas Homework 115 Points Total Note: you never need to put a negative (-) sign in front of any answer! When we ask for a dollar ($) amount, we just want the amount, we don't need to know it's inflow or outflow (1/1), as well assume this was apparent from the question A few years out of UCCS you're earning $125,000 and decide to buy a condominium. The one you like will cost $300,000. The bank will require a 15% down payment and will lend you the difference in a 30yr traditional mortgage at an interest rate of 4.800X(M) 1 What is the amount of your down payment? 45000 2 What is the amount of the loan? 255 000 3 What is your home equity, the day you buy the condominium? 45000 4 What is the monthly payment on the mortgage? 1337.90 What is your taxable income for the first year you own the condominium (e. what is your salary minus the total interest paid in year 112 1128415.05 6 If your effective tax rate is 25%, how much would you have paid in taxes if you didn't have the mortgage loan and your taxable income was $125,000? 31250. 7 If your effective tax rate is 25%, how much will you pay in taxes on your taxable income from QS? 2821.26 8 How much did you save in taxes the first year by owning the condominium? 3038.74 For three years from the day you bought the condo, Colorado real estate contindes to climb. Your condo appreciates 4% every year for three years. And, interest rates fall to 3.60%{M). You decide to refinance your mortgage. You can refinance into a new mortgage for (again) 85% of the current market value of the condo. 10 11 What is the value of your condominium at the end of year three? 337459.20 What is the remaining principal balance on your mortgage? 242717.07 What is the amount (ie new principal balance) of the new mortgage loan you take out? 286840.32 What is the new monthly payment you'll be making on the new mortgage? 1385.43 You paid off the original mortgage principal balance, taking out a new mortgage with a higher principal balance, how much cash did you receive after paying off the original mortgage? 12 13 44, 123.25 1