Question: Please solve in detail these below question. Please answer is computerized. [Question are related to Priciple of Real Estate subject] Thanks, -------------------------------------------------------------------------- 1) Mortgage amortization

Please solve in detail these below question. Please answer is computerized. [Question are related to Priciple of Real Estate subject]

Thanks,

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1) Mortgage amortization

Suppose we have loan amount $100,000 and the term is 20 years( Monthly payments) Interest rate is 7 % and the fixed rate mortgage. Compute the following items:

(1) For first three month calculate the following items:

time

Monthly interest rate

Monthly payments

Monthly interest expense

Monthly Amortization.

Balance at the beginning of the month

Balance at the end of month

First month

Second month

Third Month

2) Market value of a mortgage

Suppose a loan was made 5years age for $80,000 with interest 10% and 20 years term of maturity.. Payments on the loan are $772.02 per month. Suppose now the interest rate is 15% annually, what is market value of the loan for the remaining 15 years ?

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