How do I answer these given the information below Loan Amount Loan to Value Loan to Cost Payment amount Loan Balance at Maturity Given Information Property Cost $1,000,000 Bank Policy on LTV 80 Bank Policy on LTC 75 Value of Property $980,000 Interest Rate WSJP 1 25 6 month term of Interest Only 72...

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How do I answer these given the information below? Loan Amount? Loan to Value? Loan to Cost?

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Question:

How do I answer these given the information below?
Loan Amount?
Loan to Value?
Loan to Cost?
Payment amount?
Loan Balance at Maturity?

Given Information:

Property Cost: $1,000,000
Bank Policy on LTV: 80%
Bank Policy on LTC: 75%
Value of Property: $980,000
Interest Rate: WSJP + 1.25%
6 month term of Interest Only
72 month term P&I
Maturity: 78 months
Amortization 30-years

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: May 09, 2024 06:57 AM

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How do I answer these given the information below? Loan Amount? Loan to Value? Loan to Cost?

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Income Tax Fundamentals 2013

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