answer 1&2

Question 1 A borrower bought a house for $200,000, he can obtain an 80% loan with a 30-year fully amortizing, 7% interest rate and monthly payment. Alternatively, he could get a 90% loan at 8.5% with same term. D What is the monthly payment difference between these two loans? 331956 $359.18 $367.53 5419.11 NA D Question 2 A borrower bought a house for $200,000; he can obtain an 80% loan with a 30-year fully amortizing, 7% interest rate and monthly payment. Alternatively, he could get a 90% loan at 8.5% with same term. What is the incremental cost of borrowing the additional fund? Assume he will hold the loan for 30 years. 19. 115 20.18% 26.42 2335 Next Question 3 4 pts A borrower bought a house for $200,000: he can obtain an 80% loan with a 30-year fully amortizing, 7% interest rate and monthly payment. Alternatively, he could get a 90% loan at 8.5% with same term. What is the difference in loan balances atter 10 years? $22184.77 $21319.91 523467.53 $24519.11 A borrower bought a house for $200,000; he can obtain an 80% loan with a 30-year fully amortizing, 7% interest rate and monthly payment. Alternatively, he could get a 90% loan at 8.5% with same term. What is the incremental cost of borrowing the additional fund? Assume he will hold the loan for 10 years. 20.35% 18.91 2242 19.53% 3.5 pts D Question 5 $300,000 house at 5.0% Interest, 30-year loan, the LTV is 85%. Assume that the PMI has an upfront premium of 2% and an annual premium of 0.5% based on loan amount. How much is the monthly PMI payment? 511025 $12132 $106.25 510132