Book1 - $3,490.57 $1,603.73 $1,886.84 $450,931.13 8...

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Jason Jordan Business Finance - 3311 Mini Project #1 - Mortgage Loan Analysis 1) First Payment Date: 11/1/2010 Principle $464,000 Years 15 APR 4% Purchase Parice: $580,000 Mortage Total: $464,000 Down Payment: $116,000 Monthly Payment: $3,490.57 2) Interest Principle 1 11/1/2010 $464,000 $3,490.57 $1,643.33 $1,847.24 $462,152.76 2 12/1/2010 $462,152.76 $3,490.57 $1,636.79 $1,853.78 $460,298.98 3 1/1/2011 $460,298.98 $3,490.57 $1,630.23 $1,860.35 $458,438.63 4 2/1/2011 $458,438.63 $3,490.57 $1,623.64 $1,866.93 $456,571.70 5 3/1/2011 $456,571.70 $3,490.57 $1,617.02 $1,873.55 $454,698.15 6 4/1/2011 $454,698.15 $3,490.57 $1,610.39 $1,880.18 $452,817.97 7 5/1/2011 $452,817.97
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Unformatted text preview: $3,490.57 $1,603.73 $1,886.84 $450,931.13 8 6/1/2011 $450,931.13 $3,490.57 $1,597.05 $1,893.52 $449,037.60 9 7/1/2011 $449,037.60 $3,490.57 $1,590.34 $1,900.23 $447,137.37 10 8/1/2011 $447,137.37 $3,490.57 $1,583.61 $1,906.96 $445,230.41 11 9/1/2011 $445,230.41 $3,490.57 $1,576.86 $1,913.71 $443,316.70 12 10/1/2011 $443,316.70 $3,490.57 $1,570.08 $1,920.49 $441,396.21 13 11/1/2011 $441,396.21 $3,490.57 $1,563.28 $1,927.29 $439,468.91 14 12/1/2011 $439,468.91 $3,490.57 $1,556.45 $1,934.12 $437,534.79 3) Tax Deduction = $3,280.12 Payment Number Payment Date Beginning Balance Regular Payment Ending Principle Balance...
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This note was uploaded on 11/17/2011 for the course ECONOMICS 103 taught by Professor Tohmass during the Spring '11 term at University of Houston-Victoria.

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