Home Details (B) $499,900 4TFIELD AVE, Hariton, Ontario Name: 1. 5% min. down payment for first-time home buyers. A. Down payment (%) 5% 2. Actual down payment ora tr B. Interest Rate (%)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Home detail- $499,900
Home Details (B)
$499,900
4TFIELD AVE, Hamilton, Ontario
1. 5% min. down payment for first-time home buyers.
2. Actual down payment
3. Mortgage size
AND 8
03.8
4. Second mortgage required?
No
Yes
8%
820
Monthly Mortgage Payment Calculation
Interest Amortization Chart
Rate (%)
Period (Yrs)
Figure
e.g.
25 yrs
sare
EOP e
200.00
X
7.63213 X
X
Name:
aspir
e223
228.
Cet C
QAB.SI
A. Down payment (%)
Azt er
5%
B. Interest Rate (%)
5.25%
apros
C. Amortization Period (Yrs)
20 years
Mortgage Value
(/1000)
125.8
($125,800 mortgage)
Monthly
Payment (S)
$954.02
Transcribed Image Text:Home Details (B) $499,900 4TFIELD AVE, Hamilton, Ontario 1. 5% min. down payment for first-time home buyers. 2. Actual down payment 3. Mortgage size AND 8 03.8 4. Second mortgage required? No Yes 8% 820 Monthly Mortgage Payment Calculation Interest Amortization Chart Rate (%) Period (Yrs) Figure e.g. 25 yrs sare EOP e 200.00 X 7.63213 X X Name: aspir e223 228. Cet C QAB.SI A. Down payment (%) Azt er 5% B. Interest Rate (%) 5.25% apros C. Amortization Period (Yrs) 20 years Mortgage Value (/1000) 125.8 ($125,800 mortgage) Monthly Payment (S) $954.02
Interest
Rates %
5
5.25
5.5
5.75
6
6.25
6.5
6.75
7
7.25
7.5
7.75
8
8.25
8.5
8.75
Amortization Periods
5 years
10 years
15 years
20 years
18.848
10.581
6.571
7.881
18.960
10.701
8.009
6.707
19.073
10.822
8.138
6.844
19.185
10.943
8.268
6.982
19.299 11.065
8.399
7.122
19.412
11.188
8.531
7.263
19.526
11.311 8.664
7.405
19.640 11.435
8.798
7.548
19.754 11.559
8.932
7.693
19.869 11.685
9.068
7.839
19.984
11.810
9.205
7.986
20.099 11.937
9.343
8.134
20.214
12.064
9.482
8.284
20.330
12.192
9.621
8.434
20.446 12.320
9.762
8.586
20.562
12.449
9.903
8.738
20.679 12.579 10.045
8.892
20.796 12.709
10.188
9.047
20.913
10.332 9.202
12.840
21.030 12.971
10.477 9.359
21.148 13.103
10.623 9.517
21.266
13.236 10.769
9.675
21.384
13.369 10.916
9.835
21.502
13.503
11.064
9.995
21.621 13.637
11.213
10.156
21.740 13.772
11.363
10.319
21.859 13.908 11.513
10.481
14.044
11.664
10.645
22.098 14.180
11.816 10.810
925
9.25
9.5
9.75
10
10.25
10.5
10.75
11
11.25
11.5
11.75 21.979
12
25 years
5.816
5.959
6.104
6.250
6.398
6.547
6.698
6.850
7.004
7.159
7.316
7.473
7.632
7.792
7.954
8.116
8.280
8.444
8.610
8.777
8.945
9.114
9.283
9.454
9.625
9.798
9.971
10.144
10.319
Transcribed Image Text:Interest Rates % 5 5.25 5.5 5.75 6 6.25 6.5 6.75 7 7.25 7.5 7.75 8 8.25 8.5 8.75 Amortization Periods 5 years 10 years 15 years 20 years 18.848 10.581 6.571 7.881 18.960 10.701 8.009 6.707 19.073 10.822 8.138 6.844 19.185 10.943 8.268 6.982 19.299 11.065 8.399 7.122 19.412 11.188 8.531 7.263 19.526 11.311 8.664 7.405 19.640 11.435 8.798 7.548 19.754 11.559 8.932 7.693 19.869 11.685 9.068 7.839 19.984 11.810 9.205 7.986 20.099 11.937 9.343 8.134 20.214 12.064 9.482 8.284 20.330 12.192 9.621 8.434 20.446 12.320 9.762 8.586 20.562 12.449 9.903 8.738 20.679 12.579 10.045 8.892 20.796 12.709 10.188 9.047 20.913 10.332 9.202 12.840 21.030 12.971 10.477 9.359 21.148 13.103 10.623 9.517 21.266 13.236 10.769 9.675 21.384 13.369 10.916 9.835 21.502 13.503 11.064 9.995 21.621 13.637 11.213 10.156 21.740 13.772 11.363 10.319 21.859 13.908 11.513 10.481 14.044 11.664 10.645 22.098 14.180 11.816 10.810 925 9.25 9.5 9.75 10 10.25 10.5 10.75 11 11.25 11.5 11.75 21.979 12 25 years 5.816 5.959 6.104 6.250 6.398 6.547 6.698 6.850 7.004 7.159 7.316 7.473 7.632 7.792 7.954 8.116 8.280 8.444 8.610 8.777 8.945 9.114 9.283 9.454 9.625 9.798 9.971 10.144 10.319
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