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    Input Output: Int. Rate Rate Years # Pmts Pmts/yr Loan Amt PMT Amt

    Uploaded by

    Ronald Kahora
    This document contains calculations for a 15-year mortgage with an interest rate of 4.1% and monthly payments of $450. The total loan amount is $60,324.34 for a $65,000 property with a 7% down payment of $4,675.66. The monthly housing costs including payment, taxes, insurance, and fees is $755. The total yearly cost is $9,060 and the weekly rental revenue needed to break even is $174.23.

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    Input Output: Int. Rate Rate Years # Pmts Pmts/yr Loan Amt PMT Amt

    Uploaded by

    Ronald Kahora
    47 views1 page
    This document contains calculations for a 15-year mortgage with an interest rate of 4.1% and monthly payments of $450. The total loan amount is $60,324.34 for a $65,000 property with a 7% down payment of $4,675.66. The monthly housing costs including payment, taxes, insurance, and fees is $755. The total yearly cost is $9,060 and the weekly rental revenue needed to break even is $174.23.

    Original Description:

    Original Title

    PropertyPurchaseCalculator

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    This document contains calculations for a 15-year mortgage with an interest rate of 4.1% and monthly payments of $450. The total loan amount is $60,324.34 for a $65,000 property with a 7% down payment of $4,675.66. The monthly housing costs including payment, taxes, insurance, and fees is $755. The total yearly cost is $9,060 and the weekly rental revenue needed to break even is $174.23.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    47 views1 page

    Input Output: Int. Rate Rate Years # Pmts Pmts/yr Loan Amt PMT Amt

    Uploaded by

    Ronald Kahora
    This document contains calculations for a 15-year mortgage with an interest rate of 4.1% and monthly payments of $450. The total loan amount is $60,324.34 for a $65,000 property with a 7% down payment of $4,675.66. The monthly housing costs including payment, taxes, insurance, and fees is $755. The total yearly cost is $9,060 and the weekly rental revenue needed to break even is $174.23.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    INPUT OUTPUT

    Int. Rate 4.1% Rate 0.0034375


    Years 15 # Pmts 180
    Pmts/yr 12 Loan Amt ($60,324.34)
    Pmt amt: $ 450.00

    Selling Price: $ 65,000.00


    Less Loan: ($60,324.34)
    Down Pmt: $ 4,675.66 Percent Down: 7%

    MONTHLY COST
    Payment: $ 450.00
    Property Tax: 100
    Prop. Insurance: 80
    Condo Fees: 125

    Total Monthly: $ 755.00

    Total Yearly: $ 9,060.00

    Revenue weekly: $ 174.23 (Break even)

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