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You are a homebuyer choosing between two identical properties. The first property is located in Los Angeles County. Your local mortgage bank is offering a

You are a homebuyer choosing between two identical properties. The first property is located in Los Angeles County. Your local mortgage bank is offering a 30-year FRM for $822,375 at 3.2% interest for a property located in Los Angeles County. on excel

  1. What mortgage payments is your competitor receiving on this loan?

  2. Why did the mortgage bank offer a loan amount of $822,375?

  3. If the property were located in San Bernardino County, what loan amount would you expect them to offer?

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