QUESTION 28 sale was 5245,000 The buyer had mostly non-ceported income and could not qualily for a standad mortgage. He agreed to purchase the property for $245,000 with the The market interest cate for a property ke this at the time of sale was 9 pencent with no points. What is the cash equivilent sales price, assuming the buyer would keep the financing in place for six years (Round to the mearest $1,000) $245.000 $230,000 $175,000 QUESTION 29 (ARM)loan tr l143 000 The interest rate is indexed to the 1year T-ba yld The loan has ama mof2%. . oneyear teaser "te of 1%, an.nu/ tate cap of2%.nd aHeti nate capof5% The tha 1was 3% what is the payment an nation Ass mo that T-Ba yilds anfolows Aaigi ation (rmorths 1-2) 3 5% arnd Al end onst yew cr tepires northly payments 10 15 years The lender charges l poleat or $1.237 $1,150 $1.2%6 during months 13 through 24 O 51.168 QUESTION 28 sale was 5245,000 The buyer had mostly non-ceported income and could not qualily for a standad mortgage. He agreed to purchase the property for $245,000 with the The market interest cate for a property ke this at the time of sale was 9 pencent with no points. What is the cash equivilent sales price, assuming the buyer would keep the financing in place for six years (Round to the mearest $1,000) $245.000 $230,000 $175,000 QUESTION 29 (ARM)loan tr l143 000 The interest rate is indexed to the 1year T-ba yld The loan has ama mof2%. . oneyear teaser "te of 1%, an.nu/ tate cap of2%.nd aHeti nate capof5% The tha 1was 3% what is the payment an nation Ass mo that T-Ba yilds anfolows Aaigi ation (rmorths 1-2) 3 5% arnd Al end onst yew cr tepires northly payments 10 15 years The lender charges l poleat or $1.237 $1,150 $1.2%6 during months 13 through 24 O 51.168