Lab2 - 20 6.00% 20% 30 6.25% 25% Loan Statistics Number of...

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First National Bank - New Loan Report Author John Matias Date: 6/8/2011 Purpose: New Loan Report for Board of Directors
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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%
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Unformatted text preview: 20 6.00% 20% 30 6.25% 25% Loan Statistics Number of Loans 9 $609,582.40 $84,363.75 $2,749,004.60 Todays Date 10/19/2011 Annual Interest Rate % Required for Down Payment Highest Amount Financed Lowest Amount Financed Total Amount Financed Interactive Loan Calculator Please Provide the following information Based on the information you have provided, your loan options are Yes What is the price of the home? $328,788.00 Years of Loan Interest Down Payment No Do you wish to put any additional money down? 15 5.75% $49,318.20 $2,309.68 Pay at beginning of month? Yes 20 6.00% $65,757.60 $1,875.06 30 6.25% $82,197.00 $1,510.44 Monthly Mortgage payment Enter New Values...
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This note was uploaded on 10/19/2011 for the course BIS 155 taught by Professor Sasha during the Spring '11 term at DeVry NJ.

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Lab2 - 20 6.00% 20% 30 6.25% 25% Loan Statistics Number of...

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