QUESTION 8 Tom got a 30 year fully amortizing FRM for $1,500,000 at 6%, with constant monthly payments. After 3 years of payments, rates fall and he can get a 27 year FRM 5% but he must pay 2 points and $1000 in closing costs to get the new loan. Think of the refinancing decision as an investment for Tom, he pays a fee now but saves money in the future in the form af lower payments. What is the annualized IRR of refinancing for Tom assuming he pays through maturity? QUESTION 9 Tim wants to buy an apartment that costs $1,500,000 with an 85% LTV mortgage. Tim got a 30 year, 3/1 ARM with an initial teaser rate of 4.875%. The reset margin on the loan is 300 basis points above 1 year CMT. There are no caps Tim anticipates the index to be 2.50% at the time of the reset What is Tim's monthly mortgage payment going to be during the 1st 3 years? QUESTION 10 A bank originates a 30 yearfully amortizing FRM at an annual interest rate of 5. 5% 9 years later the bank's cost of funds is 700%. What is the banks NIM on this town? (Your answer can be positive or negative, use the correct sign) Chick Save and Submit to Xouw and submit Chuk See All Arto solo SA QUESTIONS Tom got a 30 yearfully amortising FRM for $1,500,000 6%, with constant monthly payments. After 3 years of payments rates tall and he can get a 27 year FRM 5%. but he must pay 2 points and $1000 in closing costs to get the new loan. Think of the refinancing decision as an investment for Tom, he pays a fee now but saves money in the future in the form of lower payments. What is the annualized IRR of refinancing for Tom assuming he pays through maturity QUESTION 9 Tim wants to buy an apartment that costs $1,500,000 with an 85% LTV mortgage. Tim got a 30 year, 31 ARM with an initial teaser rate of 4875% Therese margin on the loan is 300 basis points above 1 year CMT. There are no cars. Tim anticipates the index to be 2.50% at the time of the 14t reset What is Tim's monthly mortgage payment going to be during the 1863 years? QUESTION 10 A bank originates a 30 yearfully amortizing FRM at an annual interest rate of 55% 9 years later the banks cost of funds is 7.00% What is the bank's NiM on the loan? (Your answer can be positive or negative, use the correct sign QUESTION 8 Tom got a 30 year fully amortizing FRM for $1,500,000 at 6%, with constant monthly payments. After 3 years of payments, rates fall and he can get a 27 year FRM 5% but he must pay 2 points and $1000 in closing costs to get the new loan. Think of the refinancing decision as an investment for Tom, he pays a fee now but saves money in the future in the form af lower payments. What is the annualized IRR of refinancing for Tom assuming he pays through maturity? QUESTION 9 Tim wants to buy an apartment that costs $1,500,000 with an 85% LTV mortgage. Tim got a 30 year, 3/1 ARM with an initial teaser rate of 4.875%. The reset margin on the loan is 300 basis points above 1 year CMT. There are no caps Tim anticipates the index to be 2.50% at the time of the reset What is Tim's monthly mortgage payment going to be during the 1st 3 years? QUESTION 10 A bank originates a 30 yearfully amortizing FRM at an annual interest rate of 5. 5% 9 years later the bank's cost of funds is 700%. What is the banks NIM on this town? (Your answer can be positive or negative, use the correct sign) Chick Save and Submit to Xouw and submit Chuk See All Arto solo SA QUESTIONS Tom got a 30 yearfully amortising FRM for $1,500,000 6%, with constant monthly payments. After 3 years of payments rates tall and he can get a 27 year FRM 5%. but he must pay 2 points and $1000 in closing costs to get the new loan. Think of the refinancing decision as an investment for Tom, he pays a fee now but saves money in the future in the form of lower payments. What is the annualized IRR of refinancing for Tom assuming he pays through maturity QUESTION 9 Tim wants to buy an apartment that costs $1,500,000 with an 85% LTV mortgage. Tim got a 30 year, 31 ARM with an initial teaser rate of 4875% Therese margin on the loan is 300 basis points above 1 year CMT. There are no cars. Tim anticipates the index to be 2.50% at the time of the 14t reset What is Tim's monthly mortgage payment going to be during the 1863 years? QUESTION 10 A bank originates a 30 yearfully amortizing FRM at an annual interest rate of 55% 9 years later the banks cost of funds is 7.00% What is the bank's NiM on the loan? (Your answer can be positive or negative, use the correct sign
