Fixed Interest Rate Mortgage Loans(고정금리 주택담보대출) 연습문제 풀이
- 최초 등록일
- 2021.11.10
- 최종 저작일
- 2021.09
- 7페이지/
MS 워드
- 가격 2,000원
소개글
부동산 금융 연습문제 풀이입니다.
목차
1. A 30‐year mortgage loan is made for $80,000 and interest rate is 9%. Constant payments are to be made monthly.
2. A fully amortizing mortgage CPM loan is made for $80,000 at 6% interest for 25 years. Payments are to be made monthly. Calculate:
3.Ella plans to buy a $250,000 house. She applied for an 80% loan‐to‐value (LTV) loan for 30 years. The interest rate is 8% compounded monthly. 4 points are charged.
4. A fully amortizing CAM loan is made for $125,000 at 11% interest for 20 years.
5. Two parties may agree that an $100, 000 fully amortizing loan will be made at 12% interest with monthly payments calculated based on a 30‐year amortization schedule. However, both parties agree that the loan will be, or may be, callable at the lender’s demand, at the end of 10 years. In this case, what would be the amount due if the loan is called at the end of 10 years?
6. A lender agrees to make a loan in an amount not to exceed $250,000 for a period of 10 years. However, instead of giving the borrower cash in the amount of $250,000, the lender agrees to let the borrower take down the loan in monthly installments over the life of the mortgage. The lender will charge an interest rate of 10% on the loan. What will be the maximum monthly payments that the lender will make to the borrower under these terms?
본문내용
1. A 30‐year mortgage loan is made for $80,000 and interest rate is 9%. Constant payments are to be made monthly.
a. Is the interest rate here nominal or real?
nominal
b. What is loan amount?
$80,000
c. If the loan is to be fully repaid in 30 years, what is the periodic payment amount?
What type of CPM Loan is it?
periodic payment amount:
PV FV i/Y N PMT
80,000 0 9%/12(0.75) 360 -643.70
fully amortizing
d. What is the accrual rate?
9%/12 = 0.75%
e. What is the accrued interest amount as of the end of the first month?
80,000*0.75% = $600
f. What is effective annual rate of interest?
EAR (effect annual interest rate) = (1+ / APR/m)m -1
(1+9%/12)12 -1 = 9.38%
g. When the outstanding loan balance would remain unchanged by the end of 30 years? And what type of CPM loan it is?
참고 자료
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