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Prepare the first 5 months of an amortization schedule with a 30-year mortgage monthly payment, Property is selling for $489,000, 15% down payment, 6.625% fixed
Prepare the first 5 months of an amortization schedule with a 30-year mortgage monthly payment, Property is selling for $489,000, 15% down payment, 6.625% fixed interest rate, estimated property taxes $6,816, insurance is $1350 a year. What is the monthly payment, interest portion, principal portion, and end of month principal for the first 5 months. What would the monthly mortgage payment be (Principal and Interest only) if the listing price is 199,900.00, with 20% down, term of loan 15 years, 5.875 interest rate
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