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Published byKristin Shanon Bruce Modified over 5 years ago
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Interest Rates, Terms, Total Financed Amount
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Mortgage 1 Home Price-$150,000 Percent Down- 3%
Total Down Payment--$4,500 Total Financed- Annual Interest rate- 4.50% Term-30 years Monthly payment- Total payment- Total Interest paid- 150,00-4,500=145,500 $737.23 $265,402.80 $265, ,500=
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Mortgage 2 Home Price-$150,000 Percent Down- 3%
Total Down Payment--$4,500 Total Financed- Annual Interest rate- 4.75% Term-30 years Monthly payment- Total payment- Total Interest paid- 150,00-4,500=145,500 $759.00 $273,240.00 $ 273, ,500= 127,740
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Mortgage 3 Home Price-$150,000 Percent Down- 3%
Total Down Payment--$15,000 Total Financed- Annual Interest rate- 4.75% Term-30 years Monthly payment- Total payment- Total Interest paid- 150,00-15,000=135,000 $704.22 $253,519.20 $ 253, ,500= 108,019.20
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Mortgage 4 Home Price-$150,000 Percent Down- 3%
Total Down Payment--$4,500 Total Financed- Annual Interest rate- 7% Term-30 years Monthly payment- Total payment- Total Interest paid- 150,00-4,500=145,500 $968.02 $348,487.20 $348, ,500=
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Mortgage 5 Home Price-$150,000 Percent Down- 3%
Total Down Payment--$4,500 Total Financed- Annual Interest rate- 4.50% Term-20 years Monthly payment- Total payment- Total Interest paid- 150,00-4,500=145,500 $920.50 $220,920.00 $ 220, ,500= 75,420
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Mortgage 6 Home Price-$250,000 Percent Down- 3%
Total Down Payment--$9,000 Total Financed- Annual Interest rate- 4.50% Term-20 years Monthly payment- Total payment- Total Interest paid- 250, =241,000 $ $365,923.20 $365, ,000= 124,923.20
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Mortgage 7 Home Price-$150,000 Percent Down- 3%
Total Down Payment--$4,500 Total Financed- Annual Interest rate- 4.50% Term-15 years Monthly payment- Total payment- Total Interest paid- 150,00-4,500=145,500 $ $200,352.60 $200, ,500=
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Mortgage 8 Home Price-$250,000 Percent Down- 3%
Total Down Payment--$9,000 Total Financed- Annual Interest rate- 4.50% Term-15 years Monthly payment- Total payment- Total Interest paid- 250, =241,000 $ $331,853.40 $ 331, ,000=
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