Mortgage Payoff. Somewhat over five years ago, on February 1 you took out a loan for $20,000,000

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Mortgage Payoff. Somewhat over five years ago, on February 1 you took out a loan for $20,000,000 at 5.25% with a 25-year amortization period and a 7-year term. You are selling the building and will repay the loan on April 11. Assuming there are no prepayment penalties, what will your loan payoff be on that day?

Posted Date: Sep 20, 2021 01:52 AM

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Mortgage Payoff. Somewhat over five years ago, on February 1 you took out a loan for $20,000,000

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