108 project 3 done - Original Scenerio Extra Payment...

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Unformatted text preview: Original Scenerio Extra Payment scenerio Home Price 4,000 Extra Payment 491 Down Payment Months to pay 6.10371 Closing Cost Months to save 353.896 Loan Amount 4,000 Years to save 29.4914 APR 0.18 New Interest 215.81 Years 2 Payment 199.696 105 Total Interest 792.714 106.575 108.174 109.796 Month Interest Principal Balance Month Interest Principal Balance 111.443 4,000 4,000 113.115 1 60 139.696 3,860 1 60 630.696 3369.3 114.812 2 57.9046 141.792 3,719 2 50.5396 640.157 2729.15 116.534 3 55.7777 143.919 3,575 3 40.9372 649.759 2079.39 118.282 4 53.6189 146.078 3,429 4 31.1908 659.506 1419.88 120.056 5 51.4277 148.269 3,280 5 21.2982 669.398 750.484 121.857 6 49.2037 150.493 3,130 6 11.2573 679.439 71.0446 123.685 7 46.9463 152.75 2,977 7 1.06567 689.631 -618.586 125.54 8 44.6551 155.041 2,822 8 -9.27879 699.975 -1318.56 127.423 9 42.3294 157.367 2,665 9 -19.7784 710.475-2029 129.334 10 39.9689 159.727 2,505 10 -30.4355 721.132 -2750.17 131.274 11 37.573 162.123 2,343 11 -41.2525 731.949 -3482.12 133.243 12 35.1412 164.555 2,178 12 -52.2318 742.928-4225 135.242 13 32.6728 167.024 2,011 13 -63.3757 754.072 -4979.12 137.271 14 30.1675 169.529 1,842 14 -74.6868 765.383-5744.5 139.33 15 27.6246 172.072 1,670 15 -86.1675 776.864 -6521.36 141.42 16 25.0435 174.653 1,495 16 -97.8205 788.517 -7309.88 143.541 17 22.4237 177.273 1,318 17 -109.648 800.345 -8110.23 145.694 18 19.7646 179.932 1,138 18 -121.653 812.35 -8922.58 147.88 19 17.0656 182.631 955 19 -133.839 824.535 -9747.11 150.098 20 14.3262 185.37 770 20 -146.207 836.903-10584 152.349 21 11.5456 188.151 582 21-158.76 849.457-11433 154.635 22 8.72334 190.973 391 22 -171.502 862.198-12296 156.954 23 5.85874 193.838 197 23 -184.435 875.131-13171 159.308 24 2.95118 196.745 24 -197.562 888.258-14059 161.698 25-5E-013 199.696-200 25 -210.886 901.582-14961 164.123 26 -2.99545 202.692-402 26-224.41 915.106-15876 166.585 27 -6.03582 205.732-608 27 -238.136 928.833-16805 169.084 28 -9.12181 208.818-817 28 -252.069 942.765-17747 171.62 29 -12.2541 211.95-1,029 29-266.21 956.907-18704 174.195 30 -15.4333 215.13-1,244 30 -280.564 971.26-19676 176.808 31 -18.6603 218.357-1,462 31 -295.133 985.829-20661 179.46 32 -21.9356 221.632-1,684 32-309.92 1000.62-21662 182.152 33 -25.2601 224.957-1,909 33 -324.929 1015.63-22678 184.884 34 -28.6345 228.331-2,137 34 -340.164 1030.86-23708 187.657 35 -32.0594 231.756-2,369 35 -355.627 1046.32-24755 190.472 36 -35.5358 235.232-2,604 36 -371.321 1062.02-25817 193.329 37 -39.0642 238.761-2,843 37 -387.252 1077.95-26895 196.229 38 -42.6457 242.342-3,085 38 -403.421 1094.12-27989 199.172 39 -46.2808 245.977-3,331 39 -419.833 1110.53-29099 202.16 40 -49.9704 249.667-3,581 40 -436.491 1127.19-30227 205.192 41 -53.7154 253.412-3,834 41 -453.398 1144.09-31371 208.27 42 -57.5166 257.213-4,092 42-470.56 1161.26-32532 211.394 43 -61.3748 261.071-4,353 43 -487.979 1178.68-33711 44 -65.2909 264.987-4,618 44 -505.659 1196.36-34907 45 -69.2657 268.962-4,887 45 -523.604 1214.3-36121 46 -73.300146 -73....
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This note was uploaded on 02/02/2012 for the course MATHEMATIC FDMAT108 taught by Professor Kennely during the Spring '10 term at BYU - ID.

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