Please calculate the total interest, principal and taxes paid over the 30/20/10 year mortgages on the below
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Question:
a. Loan amount of; $800,000 @ 3.00% 30-year mortgage
b. Loan amount of; $800,000 @ 6.50% 30-year mortgage
c. Loan amount of; $800,000 @ 2.50% 20-year mortgage
d. Loan amount of; $800,000 @ 5.50% 20-year mortgage
e. Loan amount of; $800,000 @ 2.00% 10-year mortgage
f. Loan amount of; $800,000 @ 5.00% 10-year mortgage
Answers please include:
Total Paid
Total Interest
Total Principle
Total Taxes
Monthly Payment
Interest
Principle
Taxes
Annual Payment
Cost of Mortgage with extra yearly payment of? Save amount?
Cost of Mortgage with two payments per month? Save amount?
Cost of mortgage with extra yearly payment and two payment per month? Save amount?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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