Value = $370,000 Balance = $280,000 Current payment = $2,450 Interest Rate = 6.375% Closing Costs =

Fantastic news! We've Found the answer you've been seeking!

Question:

Value = $370,000 Balance = $280,000 Current payment = $2,450 Interest Rate = 6.375% Closing Costs = 2.5% Prepaids = 1% What is the new loan amount/P&I payment/LTV?

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

See More Books

Posted Date: Apr 18, 2024 02:04 PM

See More Questions

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
Assume that you are looking to refinance a commercial property that you purchased 5 years ago for $25,000,000. The original loan was a traditional 30-year amortization, with a 5-year term (balloon...
The value of integral integration from - infinity to infinity dx/1+x^4
What is one example of mutualism? Of parasitism?
13. On August 31, Home Depot sold materials for $6,000 cash that is subject to a 5% sales tax. Home Depot is required by law to collect and send sales taxes to the state. On December 31, Home Depot...
Show that the following eight vectors are pairwise orthogonal: \[\begin{aligned}& s 1=(1,1,0,0,0,0,0,0)^{T} \\& s 2=(0,0,1,1,0,0,0,0)^{T} \\& s 3=(0,0,0,0,1,1,0,0)^{T} \\& s 4=(0,0,,0,0,0,1,1)^{T}...
Solve the linear programming model formulation in Problem 41 for Island Publishing Company graphically. a. Determine the sensitivity range for the advertising revenue generated by the real estate...
Suppose the 2's complement representation of x is (a 32-bit word is used): 11111111111111111111111111101001 What is the value of x? Give your answer in decimal representation. Explain why your method...
Assume that Vietnam has a demand for laptops of Q=20.000.000 5000 P Assume further that two companies produce identical laptops in Vietnam: Astra-PC and Be-U. Assume that company A and company B...
1) What implications can it have for an educational leader not complying with ethical standards? 2) Can leadership be affected if the leader is unethical? Why? Explain. 3) What do you understand is...
1. What has been today's trend in venue development 2. What are two of the nine core functions of a venue operations. 3. What are the difference between Authorities, Commissions, and Nonprofit...
Please explain and compare and contrast manufacturing and services based on the following factors. Also provide similarities and differences of them. Please provide with some examples. Aggregate...
1. Why did Amazon initially consider international expansion? 2. What strategies did Amazon use in the United Kingdom? Discuss whether they made sense and contributed to the company's success in the...
1. What interpersonal skills do you currently have that will allow you to be successful in your new position? 2. What general questions about handling customers do you have for your supervisor? 3. If...
What are Key Resources?
The May 2014 revenue and cost information for Houston Outfitters, Inc. follow: Sales Revenue (at standard).............. $ 540,000 Cost of Goods Sold (at standard) ..........341,000 Direct Materials...
That financial ratios are most valuable when viewed in comparison to the organizations historical ratio values and competitors values. Why is this context valuable when examining financial ratio...
What are the five forms of financing, and how is each used within sport?
For many years, womens professional basketball struggled for consistency in the United States. Since 1978, when the Womens Professional Basketball League (WBL) was formed, leagues have had difficulty...

Value = $370,000 Balance = $280,000 Current payment = $2,450 Interest Rate = 6.375% Closing Costs =

Question:

Expert Answer:

Loan Amount Calculation Down payment calculation Value Balance Do... View the full answer

Foundations of Financial Management

Students also viewed these finance questions