## 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:

- 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

## Step by Step Solution

There are 3 Steps involved in it

### Step: 1

Based on the given information you can answer the questions as follows 1 Loan Amount Loan Amount Loa...### Get Instant Access to Expert-Tailored Solutions

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### Step: 2

### Step: 3

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Get Started## Recommended Textbook for

### Income Tax Fundamentals 2013

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

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

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