Colli Real Estate

calculation of Finance Home?

You put 30% compared to a $ 260,000 home and finance the balance with a 30-year mortgage at 6.1% compounded monthly. You accepted a monthly payment of $ 1,102.55, although it is not paying our amortization process would found. provide correct answers to at least six significant digits for each subsequent child. a) You have decided to sell the house after 6 years 6 months. How would you you still owe on the loan? $ B) If the house is worth $ 265,802 in 6 years 6 months, how much equity do you have? I appreciate $ really help … I can not get this right, even if I have the formula. You do not know where I'm going wrong.

P = 182000 r = 1 + = 1.00508333 … ³ ⁶ ⁰ .061/12 r = 6.20505605 … A = 1102.91050969 … A '= 1102.55 = 6 years 6 months 78 months r = 1.48512008 … ⁷ ⁸ Principal amount remaining after 78 payments: p (78) = P • r ⁷ ⁸ – A '(r ⁷ ⁸ – 1) / (r – 1) = 165071.69501938 … a) You have decided to sell the house after 6 years 6 months. How much would you still owe on the loan? $ 165,071.70 b) If the house is worth $ 265,802 in 6 years 6 months, how much equity do you have – $? 265 802 $ 165,071.70 $ 100,730.30 =

Making Smart Decisions on Mortgage Repayment

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