REFHW_2Fall2007

# REFHW_2Fall2007 - Real Estate Finance Homework#2 Solutions...

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05/12/2009 Real Estate Finance Homework #2 Solutions File: REFHW#2Fall2007 Real Estate Finance Homework #2 Solutions Problem #1: ARM A PV = \$150,000 PMT Yr 1 = (\$966.45) PV = \$147,329.94 I = 6.00% I = 6.00% I = 7.00% N = 300 N = 288 N = 288 PMT Yr 1 = (\$966.45) PV = \$147,329.94 balance EOY 1 PMT Yr 2 = (\$1,057.47) ARM B PV = \$150,000 PMT Yr 1 = (\$966.45) PV = \$147,329.94 I = 6.00% I = 6.00% I = 8.00% N = 300 N = 288 N = 288 PMT Yr 1 = (\$966.45) PV = \$147,329.94 balance EOY 1 PMT Yr 2 = (\$1,152.20) ARM C PV = \$150,000 PMT Yr 1 = (\$966.45) PV = \$147,329.94 I = 6.00% I = 6.00% I = 12.00% N = 300 N = 288 N = 288 PMT Yr 1 = (\$966.45) PV = \$147,329.94 balance EOY 1 PMT Yr 2 = (\$1,562.26)

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05/12/2009 Real Estate Finance Homework #2 Solutions File: REFHW#2Fall2007 Problem #2 a. Loan Amount = \$150,000 Loan Fee = 1.00% OOP = \$2,000 Amortization = 360 Initial Rate = 6.500% Index Yr. 2 = 10.000% Index Yr. 3 = 12.000% Margin = 2.000% Month Remain Monthly Beginning Ending Year EOY Index Margin Rate Payments
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REFHW_2Fall2007 - Real Estate Finance Homework#2 Solutions...

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