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    Loan Calculations Home

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    Dhruvi Mandey
    This document provides a summary of a housing loan breakdown and repayment terms for a $100,000 loan over 25 years. The interest rate is 3.75% for the first year, 3.95% for the second year, and then 4.99% variable for the remaining 23 years. With an average interest rate of 4.9% over the full 25 year term, the total amount to be repaid is $173,482, which equates to monthly payments of $578.27 and yearly payments of $6,939.28.

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    Loan Calculations Home

    Uploaded by

    Dhruvi Mandey
    2 views1 page
    This document provides a summary of a housing loan breakdown and repayment terms for a $100,000 loan over 25 years. The interest rate is 3.75% for the first year, 3.95% for the second year, and then 4.99% variable for the remaining 23 years. With an average interest rate of 4.9% over the full 25 year term, the total amount to be repaid is $173,482, which equates to monthly payments of $578.27 and yearly payments of $6,939.28.

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    Loan_calculations_home.xls

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    This document provides a summary of a housing loan breakdown and repayment terms for a $100,000 loan over 25 years. The interest rate is 3.75% for the first year, 3.95% for the second year, and then 4.99% variable for the remaining 23 years. With an average interest rate of 4.9% over the full 25 year term, the total amount to be repaid is $173,482, which equates to monthly payments of $578.27 and yearly payments of $6,939.28.

    Copyright:

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

    Loan Calculations Home

    Uploaded by

    Dhruvi Mandey
    This document provides a summary of a housing loan breakdown and repayment terms for a $100,000 loan over 25 years. The interest rate is 3.75% for the first year, 3.95% for the second year, and then 4.99% variable for the remaining 23 years. With an average interest rate of 4.9% over the full 25 year term, the total amount to be repaid is $173,482, which equates to monthly payments of $578.27 and yearly payments of $6,939.28.

    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

    Housing Loan Repayments 1/1, 03/19/2023, 05:57:04

    Customer account number


    Name
    Address

    NOTE THE
    Phone FOLLOWING KEYS.
    Mobile 1) a to get "tick"
    2) r to get "cross"

    Official use only

    a D/license a Bank card


    ID verification
    r Passport r Others

    Summary of loan breakdown & repayments

    Loan Amount $ 100,000.00


    Loan Term - (Years) 25.00
    Loan Term - (Months) 300.00

    Interest terms & calculations


    Int rate Year
    3.75% Interest rate for first year 3.75% 1.00 375%
    3.95% Interest rate second year 3.95% 1.00 395%
    4.99% Thereafter pa variable 4.99% 23.00 499%
    Average interest rate for 25 year loan term 4.90%

    Repayments scheme
    Average
    Description No.of years Calculation cost Interest
    Interest rate
    4.90% 25.00 0.6 $ 73,482.00

    Loan amount $ 100,000.00


    Interest on loan amount for 25 years $ 73,482.00
    Total amount $ 173,482.00
    Monthly payment $ 578.27
    Yearly payment $ 6,939.28

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