a. What is the monthly payment? b.What is the APR (annual percentage rate) if fully amortized? C.What is the APR at the end of the loan term? d.What if I pay the loan off at the end of the second year, what is my APR? e.What if there was a prepayment penalty of 1.5% at the end of year 4, what is my APR?
a. What is the monthly payment? b.What is the APR (annual percentage rate) if fully amortized? C.What is the APR at the end of the loan term? d.What if I pay the loan off at the end of the second year, what is my APR? e.What if there was a prepayment penalty of 1.5% at the end of year 4, what is my APR?
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 14P
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4) I have an NOI of$172,400. The lender indicated that I can borrow funds at a 7.0% interest rate with a 25 year amortization and 5 year term at a 1.20 Debt Service Ratio(DCR). The lender will charge 2 points.
a. What is the monthly payment?
b.What is the APR (annual percentage rate) if fully amortized?
C.What is the APR at the end of the loan term?
d.What if I pay the loan off at the end of the second year, what is my APR?
e.What if there was a prepayment penalty of 1.5% at the end of year 4, what is my
APR?
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