Fixed Interest Rate Mortgage Loans(고정금리 주택담보대출) 연습문제 풀이

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