Dilger_RES334Week 2 Assignment.docx

Dilger_RES334Week 2 Assignment.docx - Running head WEEK 2...

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Running head: WEEK 2 ASSIGNMENT 1 Week 2 Assignment Robin Dilger RES334 Real Estate Finance Dr. Danielle Babb August 5, 2019
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WEEK 2 ASSIGNMENT 2 Part 1 The monthly payment for this loan will be $1,142.36 This is found by: Loan amount: 175,000 Interest: .045/.01-1% Number of payments: 360 The total payments for this loan would be: 507.30/year or $15, 219 After 8 years the balance would be reduced by 5,000 therefore making the loan amount $ 128,333.44. The amount of interest collected would be $ 114, 569.44 over the length of the loan.
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