Question: i need this computer typed so i can read it and please show steps of how you got the answers! thanks! this is the best



SV 22-2 PIT ME 22-2 PIT NE M -2222-23 NE -2222 PIT AE PET 23. - HE M 22- The AE E- ME AE PI PI PT 1 22- TEL 22-3 1 RE 3 Years ago John borrowed $350,000 on an interest only loan at 5%. He now seeks to refinance with a $400,000 loan at 4% with no closing costs. What is the amount of incremental loan proceeds? $ 50.196 3 years ago John borrowed $350,000 on an interest only loan at 5%. He now seeks to refinance with a $400,000 interest only loan at 4% with no closing costs. What is the difference in the monthly loan payment? PV N 1 FV PMT 400,000 324 0.333% 0 ($2,020.83) $ $2,020.83 3 Years ago John borrowed $350,000 with payments calculated on an 30 year payout at 5%. He now seeks to refinance with a $400,000 loan at 4% on a with 3 points. What is the amount of incremental loan proceeds? PV N 1 FV PMT PV 3 years ago John borrowed $350,000 with payments calculated on an 30 year payout at 5%. He now seeks to refinance with a $400,000 at 4% on a 27 year basis with 3 points. What is the difference in the monthly loan payment? PV N 1 FV PMT 350,000 360 0.42% $0.00 ($1,878.88) PV N I FV PMT 400,000 324 0.34% $0.00 ($2,047.90) $ -169.03 PMT 3 years ago John borrowed $350,000 with payments calculated on an 30 year payout at 5%. He now seeks to refinance with a $400,000 at 4% on a 27 year basis with 3 points. What is the incremental costs of Funds? PV N PMT FV 1 27 - 169.029 0 John wants to buy a property for $125,000 and wants an 80% Loan-to-Value (LTV). He is presented with a 30 year monthly payment loan at 6.5% with 4 points? How much will the lender actually disburse? 120,000 a) What is the effective rate of interest assuming the loan is held to full term? PV PV N FV 1 PMT 125,000 360 0 0.54% $790.09 N FV PMT I 120.000 30 0 $790.09 6.95%
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