A couple has just purchased a home for $447,500.00

Author:

January 5th, 2018

A couple has just purchased a home for $447,500.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 5.52% APR with monthly compounding. The mortgage has a term of 30 years.What is the size of the loan taken out by the couple?A couple has just purchased a home for $447,500.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 5.52% APR with monthly compounding. The mortgage has a term of 30 years.What is the monthly payment on the loan?A couple has just purchased a home for $447,500.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 5.52% APR with monthly compounding. The mortgage has a term of 30 years.How much interest is paid on the first payment?A young married couple has carefully looked at their budget. After review, they can afford a monthly mortgage payment of $1,008.00. They go to their local banker and she offers them a mortgage of 4.92% APR with monthly compounding with a term of 30 years. The couple has enough savings to pay 20% down, so the mortgage will be 80% of the home’s value.What is the mortgage that the couple can apply for based on their budget and the offered terms?A young married couple has carefully looked at their budget. After review, they can afford a monthly mortgage payment of $1,008.00. They go to their local banker and she offers them a mortgage of 4.92% APR with monthly compounding with a term of 30 years. The couple has enough savings to pay 20% down, so the mortgage will be 80% of the home’s value.With this mortgage and a 20% down payment, what priced house can the couple afford?A couple took out a 30-year mortgage 10 years ago. At that time, the mortgage was $309,500.00, with 3.72% APR and monthly compounding of interest. Today, the couple has been offered $330,500.00 for their house. If the couple accepts the offer, how much cash will they take from the deal? The cash will be the difference between the sell price and what is owed on the loan.A family takes out a mortgage for $258,600.00 from the local bank. The loan is for 30 years of monthly payments at a 3.12% APR (monthly c A couple took out a $359,000.00 mortgage ten years ago. The original terms called for 30 years of monthly payments at a 6.96% APR. The couple has made all payments over the last 10 years. Currently, the couple is considering re-financing their mortgage.A couple took out a $359,000.00 mortgage ten years ago. The original terms called for 30 years of monthly payments at a 6.96% APR. The couple has made all payments over the last 10 years. Currently, the couple is considering re-financing their mortgage.The couple has been offered a chance to re-finance their mortgage balance. The new mortgage will be for 30 years at the lower rate of 3.48% APR with monthly compounding. The mortgage will call for monthly payments.What is the current balance on their existing mortgage?A couple took out a $359,000.00 mortgage ten years ago. The original terms called for 30 years of monthly payments at a 6.96% APR. The couple has made all payments over the last 10 years. Currently, the couple is considering re-financing their mortgage.The couple has been offered a chance to re-finance their mortgage balance. The new mortgage will be for 30 years at the lower rate of 3.48% APR with monthly compounding. The mortgage will call for monthly payments.What is the new monthly payment if the couple refinances?A couple took out a $359,000.00 mortgage ten years ago. The original terms called for 30 years of monthly payments at a 6.96% APR. The couple has made all payments over the last 10 years. Currently, the couple is considering re-financing their mortgage.The couple has been offered a chance to re-finance their mortgage balance. The new mortgage will be for 30 years at the lower rate of 3.48% APR with monthly compounding. The mortgage will call for monthly payments.How much will the couple save on monthly payments?

Calculate the price

Make an order in advance and get the best price

Type of paper

Academic level

Deadline

Pages (550 words)

$0.00

*Price with a welcome 15% discount applied.

Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.

We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.

How it works

Receive a 100% original paper that will pass Turnitin from a top essay writing service

step 1

Upload your instructions

Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.

step 2

Control the process

Once you place an order with our professional essay writing services, we will email you login details to your account. There, you'll communicate with the writer and support team and track the writer's progress.

step 3

Download your paper on time

As soon as your work is ready, we’ll notify you via email. You'll then be able to download it from your account and request a revision if needed. Please note that you can also rate the writer's work in your account.

Pro service tips

How to get the most out of your experience with Essay Fountain

One writer throughout the entire course

If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.

The same paper from different writers

You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."

Copy of sources used by the writer

Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.

Testimonials

See why 20k+ students have chosen us as their sole writing assistance provider

Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.

History

Thank you

Customer 452919, October 17th, 2024

Health Care

Thank you for getting this paper done in a timely manner

Customer 452641, February 20th, 2021

Sociology

Thank you, this is an 8-week course, so I will be needing your assistance.

Customer 452919, January 20th, 2023

Sociology

Thank you, the journal wa submitted today and I hope to continue receiving services.

Customer 452919, October 28th, 2021

Logistics

The presentation slides were not narrated as asked per the instructions.

Customer 452623, September 28th, 2021

Political science

Great paper

Customer 452863, September 11th, 2021

Sociology

Thank you for your teamwork. I have only used Solutions to assist me with my assignments.

Customer 452919, March 1st, 2023

Business Studies

The writer delivered as on time with quality work. But writteres communication could of been better and I would have been more content with choosing my own writer as per my assignment.

Customer 452679, March 24th, 2021

Sociology

Thank you. You all have been timely, and amazing.

Customer 452919, May 3rd, 2022

Nursing

misunderstanding paper was late

Customer 452695, April 2nd, 2021

Professional Writing Engl-3311

Thank you

Customer 452919, March 2nd, 2023

Sociology

This assignment was due 9/25

Customer 452919, September 21st, 2024

11,595

Customer reviews in total

96%

Current satisfaction rate

3 pages

Average paper length

37%

Customers referred by a friend

OUR GIFT TO YOU

15% OFF your first order

Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.

Claim my 15% OFF Order in Chat