using the answer is section 2-3.... could you guys help me find answers for 4-5 it is the same question but different sections please help
Section 2 - Down Payment Please enter the dollar amount of a 7.83% down payment. Down payment = 429900*0.0783 = 33661.2 Mortgage Amount = 429900-33661.2 = 396238.8 CMHC WEBSITE Current Home Price is: $ 429900 Down Payment: 33661.2 Mortgage Amount 396238.8 0 Section Value: 2 Section 3 CMHC Calculation Please determine the CMHC premium amount based on balance outstanding on a traditional down payment type. CMHC premium amount = 4% of 396238.8 = 15848.55 Mortgage amount = 296238.8+15848.55 = 412088.4 CMHC WEBSITE Current Mortgage Amount is: $ 396238.8 CMHC Premium Amount 15848.55 Mortgage Amount 412088.4 Sedion Values 2 Section 4 - Mortgage Calculation Instructions You Have Decided to use a 20 year Amortization for your Mortgage. Use this information to find the MONTHLY mortgage PAYMENT using the mortgage amount from previous section and a rate of 3.75%. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4 PAY c/Y 20 Years Present Value of Loan (PV P1 Months P2 Months YI RT Number of Periods (N) Monthly Payment (PMT) BALANCE OWING (BAL) OR Mortgage Rate As % (I/Y) Value At End of loan (FV) PRINCIPAL PAID (PRN) 3.75 Section Value: 7 INTEREST PAID (INT) Submit Answers Section 5 - Mortgage Calculation Instructions Find the MONTHLY mortgage PAYMENT of stress tested(+2%) on your rate of 3.75% with a 25 year amortization mortgage. You will use the mortgage amount from previous sections. You must also determine the amount of INTEREST, PRINCIPAL and BALANCE owing for the mortgage after 2 Years and 7 Months. Input all the TVM variables and answers into the fields below. Amortization Mortgage Amount From Previous Question Do Sections 1-3 Prior to Section 4/5 CHY A 25 Years R -P/Y Present Value of Loan (PV P1 Months P2 Months Number of Periods (N) C o Monthly Payment (PMT) BALANCE OWING (BAL) Mortgage Rate As % (V/Y) Value At End of loan (FV) PRINCIPAL PAID (PRN) Section Value: 7 INTEREST PAID (INT) Submit Answers