mortgage_0402 - CSE 101 House Payment Calculator Cost of...

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Unformatted text preview: CSE 101 House Payment Calculator Cost of Home $125,000.00 Down Payment $5,000.00 Loan Amount: $120,000.00 Annual Interest Rate 6.800% Monthly Interest Rate: 0.567% Number of Years 25 Number of Payment Periods 300 Monthly Payment on Loan $832.89 Annual Property Taxes $1,450.00 Annual Insurance Payment $1,900.00 Total Annual Escrow Costs $3,350.00 Monthly Escrow Costs $279.17 Total Monthly Costs $1,112.05 72 9 18 27 36 45 54 63 81 90 99 108 117 126 135 144 153 162 171 180 189 198 207 216 225 234 243 252 261 270 279 288 297 306 315 324 333 342 351 360 $(1,000.00) $(500.00) $- $500.00 $1,000.00 $1,500.00 $2,000.00 Monthly Interest and Prinicipal Payments Monthly Interest Payment Monthly Principal Payment Payment Number Dollar Amount Normal Interest Paid over 5 yrs. Interest saved over 5 yrs. $39,084.08 $1,459.06 Monthly Payment Number Payment Date Monthly Opening Balance 1 4/1/2008 $120,000.00 2 5/1/2008 $119,717.11 3 6/1/2008 $119,432.62 4 7/1/2008 $119,146.52 5 8/1/2008 $118,858.80 6 9/1/2008 $118,569.45 7 10/1/2008 $118,278.45 8 11/1/2008 $117,985.81 9 12/1/2008 $117,691.51 10 1/1/2009 $117,395.54 11 2/1/2009 $117,097.90 12 3/1/2009 $116,798.57 13 4/1/2009 $116,497.54 14 5/1/2009 $116,194.80 15 6/1/2009 $115,890.35 16 7/1/2009 $115,584.18 17 8/1/2009 $115,276.27 18 9/1/2009 $114,966.62 19 10/1/2009 $114,655.21 20 11/1/2009 $114,342.03 21 12/1/2009 $114,027.09 22 1/1/2010 $113,710.35 23 2/1/2010 $113,391.82 24 3/1/2010 $113,071.49 25 4/1/2010 $112,749.34 26 5/1/2010 $112,425.37 27 6/1/2010 $112,099.56 28 7/1/2010 $111,771.91 29 8/1/2010 $111,442.39 30 9/1/2010 $111,111.01 31 10/1/2010 $110,777.76 32 11/1/2010 $110,442.61 33 12/1/2010 $110,105.56 34 1/1/2011 $109,766.61 35 2/1/2011 $109,425.73 36 3/1/2011 $109,082.93 37 4/1/2011 $108,738.18 38 5/1/2011 $108,391.47 39 6/1/2011 $108,042.80 40 7/1/2011 $107,692.16 41 8/1/2011 $107,339.53 42 9/1/2011 $106,984.90 43 10/1/2011 $106,628.26 44 11/1/2011 $106,269.60 45 12/1/2011 $105,908.91 46 1/1/2012 $105,546.17 47 2/1/2012 $105,181.38 48 3/1/2012 $104,814.52 49 4/1/2012 $104,445.59 50 5/1/2012 $104,074.56 51 6/1/2012 $103,701.43 52 7/1/2012 $103,326.18 53 8/1/2012 $102,948.81 54 9/1/2012 $102,569.30 55 10/1/2012 $102,187.64 56 11/1/2012 $101,803.82 57 12/1/2012 $101,417.82 58 1/1/2013 $101,029.63 59 2/1/2013 $100,639.25 60 3/1/2013 $100,246.65 61 4/1/2013 $99,851.83 62 5/1/2013 $99,454.77 63 6/1/2013 $99,055.46 64 7/1/2013 $98,653.89 65 8/1/2013 $98,250.04 66 9/1/2013 $97,843.90 67 10/1/2013 $97,435.47 68 11/1/2013 $97,024.71 69 12/1/2013 $96,611.63 70 1/1/2014 $96,196.21 71 2/1/2014 $95,778.44 72 3/1/2014 $95,358.30 73 4/1/2014 $94,935.77 74 5/1/2014 $94,510.86 75 6/1/2014 $94,083.53 76 7/1/2014 $93,653.78 77 8/1/2014 $93,221.60 78 9/1/2014 $92,786.97 79 10/1/2014 $92,349.88 80 11/1/2014 $91,910.31 81 12/1/2014 $91,468.25 82 1/1/2015 $91,153.68 83 2/1/2015 $90,837.33 84 3/1/2015 $90,519.19 85 4/1/2015 $90,199.25 86 5/1/2015 $89,877.49 87 6/1/2015 $89,553.91 88 7/1/2015 $89,228.49 89 8/1/2015 $88,901.23 90...
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mortgage_0402 - CSE 101 House Payment Calculator Cost of...

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