GA Real Estate (194)

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Question Tom wishes to purchase a property that has been valued at $300,000. He has $30,000 available as require a mortgage for the remaining amount. The bank offers him a 25-year mortgage at 2% inter monthly payment. 7 Round your answer to the nearest cent. Do NOT round until you have calculated the final answer. Provide your answer below: $1476 8 5 9 6 X X X y X 30 i H *D

6. Loan Amortization Assume that your aunt sold her house on December 31, and to help close the sale she took a second mortgage in the amount of $30,000 as part of the payment. The mortgage has a quoted (or nominal) interest rate of 12%; it calls for payments every 6 months, beginning on June 30, and is to be amortized over 10 years. Now, 1 year later, your aunt must inform the IRS and the person who bought the house about the interest that was included in the two payments made during the year. (This interest will be income to your aunt and a deduction to the buyer of the house.) To the closest cent, what is the total amount of interest that was paid during the first year? Do not round intermediate calculations. Round your answer to the nearest cent. $

Wich is the right answer A thru D ?help

Stephen has just purchased a home for $128000 A mortgage company has approved his loan application for a 30-year fixed-rate loan at 4.75 %. Stephen has agreed to pay 30% of the purchase price as a down payment. Find the down payment, amount of mortgage, and monthly payment. LOADING... Click the icon to view the table of the monthly payment of principal and interest per $1,000 of the amount financed.   Question content area bottom Part 1 The down payment is about? (Round to the nearest cent as needed.) Part 2 The mortgage amount is about? (Round to the nearest cent as needed.) Part 3 The monthly mortgage payment is about?   (Round to the nearest cent as needed.)

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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!

File Edit View History Bookmarks Window Help 2 DZL Understanding Loans and Simple Interest - 21516 MAT142 Topics In Coll... W DERIVITA Tiana Klughart a) What is the principal of her mortgage? Principal $ Donna wants to buy a house for $900,000.00. She makes a 15% down payment and borrows the rest by getting a 30-year mortgage. Her monthly mortgage payment is $3,803.75. b) What is the total she will pay on the loan? Total $ c) How much interest will she pay over the life of her loan? Total interest $ CHECK ANSWER C #3 E C a d2l.pima.edu D2L 5.2 Understanding Loans and Simple Interest - 21516 MAT142 Topics... $ 4 R 45 % T () > 6 3 MacBook Pro Y & 7 U 8 Question 4 of 15 A DZL Chapter 5.2 - 21516 MAT142 1 9 www BACK Help Question 1 10 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 11 Question 12 Question 13 Question 14 Question 15 Question 10 1 Summary 0 NE 0 10 10 1 1 1

dit View @ Window History Bookmarks standing Loans and Simple Interest - 21516 MAT142 Topics In Coll... W DERIVITA Tiana Klughart Principal a) What is the principal of her mortgage? Nellie wants to buy a $1,110,000.00 house. She makes a $140,000.00 down payment and takes out a 25-year mortgage to pay for the rest. Her monthly mortgage payment is $4,350.00. π ab va sin b) How much interest will she pay over the life of her loan? Total interest- $ aº C CHECK ANSWER 3 8 c) How much will she pay in total for her house? Total paid $ J E 80 Help b $ d21.pima.edu D2L 5.2 Understanding Loans and Simple Interest - 21516 MAT142 Topics... 4 R % 5 T 3D 6 3 MacBook Pro Y & 7 U 8 Question 3 of 15 DZL Chapter 5.2 - 21516 Preview ( 9 www BALKAN BACK Question 1 H Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 1 Question 1 Question 1 Question 1 Question 1 Question 1 Summary 0 0

You borrow $100,000 from a bank to buy a house. Is this mortgage loan an asset or liability on the bank's balance sheet?   Question 29 options:   Asset   Liability

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Prn.5

A buyer has agreed to purchase a home for $50,500. The buyer will assume a first mortgage in the amount of $32.200, will deposit $2.200 as earnest money, will deposit $5,600 in cash at cosing, and wl give the sellet a purchase- money mortgage for the balance. What is the amount of the purchase-money mortgage? a)$24,400 b)$18,300 c)$16,100 d)$10,500

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(Loan amortization) On December​ 31, Beth Klemkosky bought a yacht for ​$70, 000. She paid ​$14, 000 down and agreed to pay the balance in 11 equal annual installments that include both the principal and 11 percent interest on the declining balance. How big will the annual payments​ be? Question content area bottom Part 1 a. On December​ 31, Beth Klemkosky bought a yacht for ​$70, 000 and paid ​$14,000 ​down, how much does she need to borrow to purchase the​ yacht? ​$ 56000 ​(Round to the nearest​ dollar.) Part 2 b. If Beth agrees to pay the loan plus 11 percent compound interest on the unpaid balance over the next 11 years in 11 equal​ end-of-year payments, what will those equal payments​ be? ​ ​(Round to the nearest​ cent.)

Cost of the Home $ Down Payment A: % Down Payment B: % Down Payment C: % Down Payment Amount Your equity (financial contribution to the purchase of the home) $ $ $ Initial Mortgage Required (cost of home down payment) $ $ $ Not for the mortgage itself, but for insurance on the mortgage so be sure to use the tool provided to find the correct rate according to the regulations Mortgage Insurance RATE (if applicable) % % % Mortgage Insurance DOLLAR AMOUNT (if applicable) $ $ $ Final

#4 Derek borrows $295,012.00 to buy a house. He has a 30-year mortgage with a rate of 4.49%. After making 88.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: Infinity

Curtis buys a piece of commercial property for $230,000 He is offered a 20-year loan by the bank, at an interest rate of 6% per year The loan requires annual payments to be made What is the annual loan payment Curtis must make assuming the first payment will be due one year from the date of purchase? OA. $20,052 45 OB. $24,062 94 OC. $32,083 92 OD. $28,073 43

You currently have a 33​-year-old mortgage outstanding on your house. You make monthly payments of ​$1 comma 7001,700. You have just made a payment. The mortgage has 2727 years to go​ (i.e., it had an original term of 3030 ​years). Show the timeline from your perspective. How would the timeline differ if you created it from the​ bank's perspective?       Question content area bottom Part 1 Show the timeline from your perspective. ​ (Select the best choice​ below.)

Finance subject qn solve.