You have found your dream home in Bedford for 400000 In order to avoid buying mortgage loan insurance from the Canadian Mortgage Housing Corporation you have decided to go for a conventional mortgage by making a down payment of 20 and financing the balance with a mortgage loan Your local bank has offered you a 25year mortgage at their preferred client APR of 435 compounded semiannually for 5 years You have chosen a monthly amortization schedule Unless otherwise stated assume each of the question