Marsha taylor bought a home for $200000 with a dwnpymt of 40000.her rate of intrst is 5.75 for a 5 yr term?

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Marsha taylor bought a home for $200000 with a dwnpymt of 40000.her rate of intrst is 5.75 for a 5 yr term?

her mortgage is amortized for 25 years.
-calculate her monthly mortgage paymentsfor the term
-assuming her rate is 6.25 for the remaining 20 yrs, what will she pay in total for her house?

2007-11-07 03:35:27 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

4 answers

get a calculator and do it yourself.

2007-11-07 03:43:26 · answer #1 · answered by taz4x4512 4 · 0⤊ 1⤋

Use this website for calculations..

http://www.morgage-calc.com/mortgage/simple/php

2007-11-07 12:25:45 · answer #2 · answered by Debdeb 7 · 0⤊ 0⤋

mortg pv=160k, 5.75% interest, 25yr amort
in US monthly compounded, pmt = $1,006.57
in Canada semi-annual compounded, pmt = $1,000.04

2007-11-07 16:01:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋

$353680

2007-11-07 11:48:49 · answer #4 · answered by millertime84 1 · 0⤊ 0⤋