Classwork Jan 13

Classwork Jan 13 - $420.37 60 2/1/2016 $244,997.52 $977.95...

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Given: Yearly Income  $60,000.00  Monthly Income  $5,000.00  Max(Monthly Pmt/Monthly Income) 28% Max Monthly Payment  $1,400.00  4.79% 0 L, theLoan Amount  $267,144.44  Required Down Payment as a Percentage 20% V, the Value of House  $333,930.55   $245,417.90   $240,261.18  Amount Repaid in 2016  $5,156.72  Total Paid in 2016  $16,800.00  Interest in 2016  $11,643.28  Amount Outstanding at the end of 2025  $180,869.53  Amount of our Equity in the House  $153,061.02  Percentage Equity 45.8362% r r M RP 58 RP 70
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Payment # Date BoP Amount Interest for the month Repayment for the period 1 3/1/2011  $267,144.44   $1,066.35   $333.65  59 1/1/2016  $245,417.90   $979.63 
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Unformatted text preview: $420.37 60 2/1/2016 $244,997.52 $977.95 $422.05 61 3/1/2016 $244,575.47 $976.26 $423.74 62 4/1/2016 $244,151.74 $974.57 $425.43 63 5/1/2016 $243,726.31 $972.87 $427.13 64 6/1/2016 $243,299.18 $971.17 $428.83 65 7/1/2016 $242,870.35 $969.46 $430.54 66 8/1/2016 $242,439.81 $967.74 $432.26 67 9/1/2016 $242,007.55 $966.01 $433.99 68 10/1/2016 $241,573.56 $964.28 $435.72 69 11/1/2016 $241,137.84 $962.54 $437.46 70 12/1/2016 $240,700.38 $960.80 $439.20 360 2/1/2041 $1,394.43 $5.57 $1,394.43 $(0.00)...
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Classwork Jan 13 - $420.37 60 2/1/2016 $244,997.52 $977.95...

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