the question is 5-11 and the subject is Real estate Finance

5-10. Deter 10 percent for the followilly AMOUNT N (S) ORIGINATION (S) POINTS POINTS (IN $) MONTHLY PAYMENT (S) COUPON RATE MORTGAGE $800 N/A N/A 100,000 110,000 125,000 110,000 N/A 900 950 700 N/A Determine the balance of the following 30-year mortgages at the end of the fifth year. (Hint: The balance of a standard fixed-rate mortgage at any time is equal to the present value of the remaining payments dis- counted by the rate on the mortgage.) MORTGAGE ORIGINAL AMOUNT ($) CONTRACT RATE (%) BALANCE 5-11. A 10 100,000 90,000 80,000 5-12. Suppose that a lender offers you a 15-year, monthly payment mortgage for $120,000 at 6 percent with two discount points. a. Calculate your monthly payment. b. What is the APR on this loan? 5-13. c. What is the effective cost if the loan is repaid at the end of year 8? To buy your dream home you use a 10/20 interont gage The loan harm