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Business, 13.11.2019 05:31 iiomqjessica

Appraised value of the house: $215,000 approved ltv: 90% interest rate, 30-year loan: 5.25% what would be the monthly payments of principal and interest on the loan? compare the amount of interest they would pay on this 30-year mortgage (5.25%) and a 15-year mortgage with an interest rate of 4.5%. for problem #3 assume that they have to pay two points to get the 30-year loan closed. what actual rate of interest would they have paid over the life of the 30-year loan? assume they do qualify and buy the house on a 30-year loan at 5.25% in six (6) years they decide to sell the house because they now need more room for their new triplets. how much principal will be left on the loan at the end of six years?

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Appraised value of the house: $215,000 approved ltv: 90% interest rate, 30-year loan: 5.25% what...
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