Please show your work how you calculate them. so I can understand how you did them

Thanks

Q. 1

Part 1

For a $400,000 mortgage at 6% annually, accrued monthly, fully amortized

a. What is the monthly payment____________ and what would be the total interest if paid in 15 years? _______________

b. What is the monthly payment____________ and what would be the total interest if paid in 30 years? _______________

If I have a mortgage of $300,000 payable in 360 payments at 5.25% APR

What is my monthly payment? _______________

What is my balance after 2 years? _______________

What would my payment be if I had a balloon payment of $100,000? _______________

If I can afford $1400 per month, and loans were available at 3.25% for 30years

What amount of loan would be available to me? _______________

What is my balance in 5 years? _______________

What if I could increase my monthly payment to $1800, what amount could I have? _______________

How long will it take to pay off my $425,000 mortgage @4.5%

If I pay $2500 per month? _______________

If I pay $3000 per month? _______________

For a loan of $385,000, amortized for 25 years payable at $1500/mo

What is the interest rate? _______________

What is the balance after 3 years of paying? _______________

Part 2

I have a loan for $339,000 amortized for 20 years payable at $1500/mo at 4.15%

What is the balloon payment at the end of the term? _______________

What would my payment be if it were fully amortized? _______________

What would the monthly payment be on an interest only loan of $750,000

@7.61% with a term of 5 years? _______________

@6.33% with a term of 3 years? _______________

If I made no payments, what amount would the principle be after one year @6.25% _______________

Paying $1500/mo for 15 years @ 4.85 with a balloon payment of $25,000 will get you what original loan amount? _______________, what amount if no balloon payment? ________________

You could rent an apartment for $850/mo, but decided to buy instead and will live there for 4 years while attending VIU

a. What size mortgage would this same rent pay for, 0% down, using a 30 year amortization @4.5% with a 4 year term? ___________

b. With a 5% down payment, what would your maximum purchase price be? _______________

c. What is the loan balance in 4 years? _______________

d. If property values on purchase in #b above, rose 4.6% per year, what is the value in 4 years? _______________

e. How much equity did you gain? _______________

f. Assuming you paid 5% down payment, had $15,000 in selling/buying costs, what is your % return on equity invested? _______________