The cost to purchase the house that Bainters are considering is $195, 000, but the Bainters plan to make a $40,000 down payment. The Bainters have been approved for a fixed-rate, 30-year mortgage with a 4.2% annual interest rate for the remaining costs. What is the monthly payment for the loan? O$953.58 O $141.53 $757.98 O $689.96
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- H5. Smith Development Co. contracted a 30-year FRM loan with monthly amortization of $1.5 million at an interest rate of 13% five years ago. John Smith, a partner, just talked to a loan officer and learned that he can refinance the current balance on the loan at interest rate of 12% for a FRM amortized over 25 years. However, he also estimated the total refinancing cost to be $50,000. If Smith Development Co. holds the mortgage debt for 25 more years, would you recommend them to refinance? What if it holds for three years?F3 You purchase a mixed use building in Queens that is expected to generate $845209 net operating income (NOI) in the following year. You finance your purchase with an $8,000,000 interest-only loan at a rate of 6.93%, compounded annually, with annual payments. What is your net income expected to be in the following year? State your answer as a number rounded to the nearest cent (e.g. if you get $13.57654, write 13.58)1. Answer: 3493.4 need help with work!!!! A house has an assumable $120,000 below-market loan at 8.5 percent for a remaining term of 15 years. Current rates are 9 percent for 15-year mortgages. All else equal, how much more is a buyer willing to pay for the house with the assumable loan in place?
- Question: 1533 Ontario St SE, Olympia, WA 98501 Purchase price = Today's Zillow Zestimate ... 1533 Ontario St SE, Olympia, WA 98501 Purchase price = Today's Zillow Zestimate 521500You will pay a down payment = 15% of purchase price 78225Mortgage payments = 30 year fixed loan at 3.8% interest (Loan = 85% of purchase price) 2077Fees to purchase the home = 5% of the purchase price 26075Property taxes are paid all 5 years at the 2019 property tax rate 17890Insurance for the home is $1,000/year 5000The selling price = purchase price * (1+ (% Value (price) estimate change of the last 5 years) (note: this is different process than what is outlined in the video) Fees to sell the home = 5% of the selling price. I need help finding the selling price of this home.Problem E: Effective cost of Short‐term Loan:ABC will be acquiring a P4,000,000 loan from XYZ Bank. 13. The detail are 6‐month term, 3% interest, P40,000 bank chargeand P50,000 compensating balance.Required:13. How much is the compound effective annual interest?N3 Gina wants to buy an office building with an asking price of $3million. She estimates the annual net operating income for this building to be equal to $165,000. She gets from ABC bank a 20-year IO FRM with an annual rate of interest equal to 7.35% with annual compounding and annual payments in order to buy the building. ABC bank has a minimum DCR ratio equal to 1.25. and a maximum LTV requirement equal to 70%. What is the largest mortgage that ABC bank could give to Gina based on both the DCR and LTV requirements? could you use BA II Plus texas instruments calculator
- 5. you have a choice between the following two identical properties: property A is priced at $150,000 with 80% financing at a 10.5% interest rate for 20 years. Property B is priced at $160,000 with an assumable mortgage of $100,000 at 9 percent interest with 20 years remaining. Monthly payments are $899.73. A second mortgage for $20,000 can be obtained at 13 % interest for 20 years. all loans require monthly payments and are fully amortizing. 1. with no preference other than financing, which property would you choose?2. how would your answer change if the seller of property B provided at second mortgage fro $20,000 at the same 9% rate as the assumable loan?3. How would your answer change if the seller of property B provided a second mortgage for $30,000 at the same 9% rate as the assumable loan so that no additional down payment would be required by the buyer if the loan were assumed?1.Calculate the NPV of the following project using a discount rate of 12 %. Yr 0 = -$500; Yearr1 = -$50; Yr2 = $50; Yearr3 = $200; Yearr4 = $400; Yearr5 = $400a.$118.75b. $208.04c. $ 61.22d.$ 618.752.You are buying your first house for $220,000, and are paying $30,000 as a down payment. You have arranged to finance the remaining $190,000 30-year mortgage with a 7% nominal interest rate and monthly payments. What are the equal monthly payments you must make?a. $1,976b. $1,110c. $1,264d. $1,5133.How much would $1,599 due in 9 years be worth today if the discount rate were 10.5%?a. $3,955.20b. $3,770.35c. $3,927.43d. $4,000.004. Apple company sales last year were $48,000, and its total assets were $25,500. What was its total assets turnover ratio?a. 1.10b. 1.99c. 1.21d. 1.885. you purchase 100 shares at a price of $RM45 per share. One year later, the share are selling for $47 per share. In addition, a dividend of $4 per share is paid at the end of the period. Determine the total return…13. You can purchase a 10,000 square foot office building for $1,900,000. You can finance your purchase with an 80% loan at 4.675% interest, requiring monthly payments over 25 years. Rents are $24.00 per square foot and expenses are $10.00 per square foot. You project vacancy to be 12% in years 1 and year 2, 8% in year 3 then 6% thereafter. You expect that rents will increase by 6% per year for years 2 and 3, then increase by 4% thereafter. You believe that expenses willincrease at a fixed rate of 5% per year. You expect to sell the building on a 7 cap, based on the following year’s income. For a holding period of 8 years. What is the (BEFORE TAX): Before Tax IRR on Equity ? Before Tax NPV @ 12% ?
- The hotel you manage just purchased a new piece of property that is financed with a $250,000 amortized loan. If this loan is to be paid off in 4 equal, end-of-the-year annual payments and has an interest rate of 10.00%, how much of the third year's payment goes toward paying principal? (Ch. 5) Group of answer choices $48,884.94 $62,500.00 $78,867.70 $58,661.93 $65,179.92Find the future value of this loan: $20,862 at 11.4% for 14 months. Group of answer choices A. $23636.65 B. $25657.00 C. $263536.51 D. $40,000.00V4. A $200,000 30 year mortgage with a contract rate of 8.94%, $3000 closing costs (lawyer, appraisal, and transfer tax) and $1,000 in discount points (i.e mortgage setup fee). The monthly mortgage payment is determined to be $1600. what will be the effective borrowing rate if the borrower decides to pay off the loan at the end of year 8? Assume that the mortgage is based on monthly compounding.