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23-05-2023
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\You bought a house with price of $250,000. Your LTV (loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 6%. Assuming the total transaction cost is $10,000.
In the monthly payment, how much are the principle and the interest payments, respectively, in the 2nd month?
Q1-Q5 are based on the same assumptions:
You bought a house with price of $250,000. Your LTV (loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 6%. Assuming the total transaction cost is $10,000.
In the monthly payment, how much are the principle and the interest payments, respectively, in the 2nd month?
PRN=1,664.66, INT=482.63
PRN=999.00, INT=200.10
PRN=482.63, INT=1,664.66
PRN=200.10, INT=999.00

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