lab2_Harrideo - 25 Loan Statistics Number of Loans 9...

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First National Bank - New Loans Customer Selling Price Loan Term Interest Rate Down Payment Amount to be Financed Monthly Payment Allen $265,354.00 30 6.25% $66,338.50 $199,015.50 $1,219.02 Arnold $328,788.00 15 5.75% $49,318.20 $279,469.80 $2,309.68 Barber $500,000.00 15 5.75% $75,000.00 $425,000.00 $3,512.41 Bollis $112,485.00 30 6.25% $28,121.25 $84,363.75 $516.75 George $350,000.00 30 6.25% $87,500.00 $262,500.00 $1,607.88 Hood $761,978.00 20 6.00% $152,395.60 $609,582.40 $4,345.51 Morgan $192,940.00 15 5.75% $28,941.00 $163,999.00 $1,355.37 Paul $606,563.00 20 6.00% $121,312.60 $485,250.40 $3,459.19 Pinder $319,765.00 30 6.25% $79,941.25 $239,823.75 $1,468.99 Loan Term 15 5.75% 15% 20 6.00% 20% 30 6.25%
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Unformatted text preview: 25% Loan Statistics Number of Loans 9 $609,582.40 $84,363.75 $2,749,004.60 Todays Date 9/30/2011 Annual Interest Rate % Required for Down Payment Highest Amount Finance Lowest Amount Financed Total Amount Financed Interactive Loan Calcula Please provide the following information: Based on the i Whats is the price of the home? Years of Loan Do you wish to put any additional money down? 15 Pay at beginning of month? 20 30 Enter New Values tor information you have provided, your loan options are: Interest Down Payment 5.75% $0.00 $0.00 6.00% $0.00 $0.00 6.25% $0.00 $0.00 Monthly Mortgage Payment Yes No...
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This note was uploaded on 09/30/2011 for the course HR HRM340 taught by Professor Stevens during the Spring '11 term at DeVry Ft. Worth.

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lab2_Harrideo - 25 Loan Statistics Number of Loans 9...

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