Question: It would be easy for if the problem is solved via excel thank you 2 There are two possible investment properties under consideration. One property

 It would be easy for if the problem is solved via

It would be easy for if the problem is solved via excel

thank you

2 There are two possible investment properties under consideration. One property (A)can be purchased for $150,000 with a loan for 80% LTV at 10.5% for 20 years. Another (property B) is $160,000 has an assumable mortgage of $100,000 at 9% with 20 years remaining. Monthly payments on the assumable loan are $899.73. A second mortgage for $20,000 can be obtained at 13% for 20 years. If the properties are identical in every way except the financing option which would you choose? b. How would the answer change if the second mortgage of $20,000 could be obtained for 9%? How would the answer change if a second mortgage was available for property B with the same 9% rate as the assumable so that no down payment would be required? a. C

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