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Jennifer Johnson296_Unit_4_DS Project redo

# Jennifer Johnson296_Unit_4_DS Project redo - 6 7 Interest...

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Unit 4 DS Unit 4 Distingueshed Scholar Project Shedule Computed W 1 2 3 4 Year Rate Beginning Amount Payment 1.00 6.0% 150,000.00 35,609.46 2.00 7.0% 123,390.54 36,428.36 3.00 8.0% 95,599.52 37,095.82 4.00 9.0% 66,151.66 37,605.16 5.00 10.0% 34,500.15 37,950.17 totals Fixed Rate Comparison space …. Here we will calculate and compare the total cost of a fixed r 1 2 3 4 Year Rate Beginning Amount Payment 1.00 7.5% 150,000.00 37,074.71 2.00 7.5% 124,175.29 37,074.71 3.00 7.5% 96,413.73 37,074.71 4.00 7.5% 66,570.05 37,074.71 5.00 7.5% 34,488.10 37,074.71 totals When you compar the total cost of the fixed rate mortgage with the adjustable rate mortgage yo

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With an ARM 5
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Unformatted text preview: 6 7 Interest Repayment of Principal Ending Balance 9,000.00 26,609.46 123,390.54 8,637.34 27,791.02 95,599.52 7,647.96 29,447.86 66,151.66 5,953.65 31,651.51 34,500.15 3,450.02 34,500.15 0.00 34,688.96 150,000.00 rate mortgage. 5 6 7 Interest Repayment of Principal Ending Balance 11,250.00 25,824.71 124,175.29 9,313.15 27,761.56 96,413.73 7,231.03 29,843.68 66,570.05 4,992.75 32,081.95 34,488.10 2,586.61 34,488.10 0.00 35,373.54 150,000.00 you can see that John will pay less interest on the adjustable mortage over the five year period. 7.50%...
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Jennifer Johnson296_Unit_4_DS Project redo - 6 7 Interest...

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