What is the principal payment

Assignment Help Financial Management

Reference no: EM131897520

1.- Original loan balance = 450,000. Mortgage rate is 4.15%. 15 yr fixed rate. Monthly payment. What is the principal payment of 60th payment?

2.- Original loan balance = 510,000. Mortgage rate is 4.2%. 30 yr fixed rate. Monthly payment. What is the principal payment of 300th payment?

3.- Original loan balance = 490,000. Teaser rate is 2.8%. 5/1 ARM of 30 year term. Margin is 3%. Index is Libor. At the origination the Libor rate was 1.1%. Life of loan cap is 4%. Annual rate cap is 1.5%. At 5 year, Libor became 3%. What is the new monthly payment?

4.- Original Loan balance is 470,000. The rate is 5.5%. This is option ARM with monthly payment. For the first year, the monthly payment was capped at 1,600. After 1 year, what is the new balance?

Reference no: EM131897520

Questions Cloud

List three ways of reducing product cost percentage : What are the two main cost that F&B managers have the most control over? List 3 ways of reducing product cost percentage.

Describe the characteristics of long-term debt : Compare and contrast the features of common stock and preferred stock. Describe the characteristics of long-term debt.

Explain why united states does not recognize all of efforts : Explain why the United States does not recognize all of the efforts, tribunals, courts, and declarations of international law. Cite an example.

Round trips per day carrying passengers : It takes 20 round trips per day carrying 32 passengers per trip. If the fare each way is $11.00, how much money is taken in from one day^s operation?

What is the principal payment : Mortgage rate is 4.15%. 15 yr fixed rate. Monthly payment. What is the principal payment of 60th payment?

What is the expected value of the repair cost : What is the expected value of the repair cost? The repair cost for a particular machine is represented by the following probabilities.

Find the probability that the parent watches the show : Find the probability that the parent watches the show, given the child watches.

Analyzing the after tax cost of debt for firm : Cost of debt for a firm: You are analyzing the after tax cost of debt for a firm. What is expected beta of a national chain of home goods stores?

Find each of the graph characteristics below : Explain how you would find each of the graph characteristics below, then proceed to find them (only need to consider this equation.

User Account

All Pages