Project 1. Business Finance 520 ( Real Estate Investment )

Alan7
BusinessFinanceRealestateandInvestment3-2.xlsx

Sheet1

RE/MAX Real Estate Group
United Home Mortgage 5/1 ARM 3.82 Payment Principal Interest Balance Payment Number
Payment $8,183.84 ($8,183.84) ($1,666.15) ($3,565.33) $1,118,333.85 1
Loan Origination Fee $14,000.00
Down Payment $280,000.00
ALTA Loan Policy $550.00
Hazard Insurance Est $3,500.00
Taxes $2,400.00
Payoff after Year 5 $546,033.74
Total Loan Costs at Closing $300,450.00
IntroLend 30 Yr Fixed 4.5 Payment Principal Interest Balance Payment Number
Payment $5,674.88 ($5,674.88) ($1,474.88) ($4,200.00) $1,118,525.12 1
Loan Origination Fee $11,200.00
Down Payment $280,000.00
ALTA Loan Policy $550.00
Haazard Insurance Est $3,500.00
Taxes $2,400.00
Payoff after Year 5 $555,533.67
Total Loan Costs at Closing $297,650.00
Legacy Mutual Mortgage 30 Yr Fixed 4.46 Payment Payment Principal Interest Balance Payment Number
Payment $5,648.29 ($5,648.29) ($1,485.62) ($4,162.67) $1,118,514.38 1
Loan Origination Fee $5,600.00
Down Payment $280,000.00
ALTA Loan Policy $550.00
Hazard Insurance Est $3,500.00
Taxes $2,400.00
Payoff after Year 5 $555,501.54
Total Loan Costs at Closing $292,050.00