What would their monthly loan payment (principal and interest only) be on a $100,000 loan at 3.5%

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What would their monthly loan payment (principal and interest only) be on a $100,000 loan at 3.5% for 30 years?

How much would they have in cash if their plan was completely accurate (sell for $330,000 and buy for $220.000 with transaction costs for both coming from the proceeds of the sale and taking a $100,000 mortgage).

Transaction costs are 2% for the purchase and 6% for the sale Their mortgage is down to $56,000 when they sell?

Related Book For answer-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Posted Date: May 22, 2023 12:52 AM

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What would their monthly loan payment (principal and interest only) be on a $100,000 loan at 3.5%

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To calculate the monthly loan payment we can use the formula for a fixedrate mortgage Loan Amount 10... View the full answer

Engineering Economy

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