https://padlet.com/gabrielle_marie425/9imh88nnqzn2 Math 125 en-us 2018-04-16 01:11:54 UTC 2024-05-26 12:48:51 UTC hello@padlet.com gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251961864 The listing link for the home selected is attached below.
https://www.zillow.com/homedetails/18226-Gilmore-Dr-South-Bend-IN-46637/148083323_zpid/]]> 2018-04-16 01:12:35 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251961864 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251962175 The house I selected is marketed at $649,000.00.

To calculate the downpayment you multiply $649,000.00 by 20%, or .2, which gives you $129,800

$129,800.00 would be your down payment on this house.

To purchase this home you would need to accumulate $778,800. ]]> 2018-04-16 01:15:24 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251962175 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251964369

]]> 2018-04-16 01:31:39 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251964369 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251967063 15 Year (with zero points): 4.375%

30 Year (with zero points):
4.750%

Link: https://www.zillow.com/mortgage-rates/quotes/?value=494900&down=98980&auto=true&zip=46037&source=FS_HDP_Mortgage_Module_rates#request=ZR-NKHYJGCV

]]> 2018-04-16 01:48:41 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251967063 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251969440 Monthly Payment:  $3,385.

Total of 360 Payments: $1,218,777.

Total Interest Paid: $569,777.

Pay-off Date: March 2048.

Link: http://www.amortization-calc.com/home-purchase-mortgage-calculator/

]]> 2018-04-16 02:05:05 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251969440 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251972516 Attached is the payment chedule for thirty years.]]> 2018-04-16 02:28:05 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251972516 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251973026 Monthly Payment: $4,923.

Total of 180 Payments: $886,220.

Total Interest Paid: $237,220.

Pay-off Date: March 2033.

Link: http://www.amortization-calc.com/home-purchase-mortgage-calculator/]]> 2018-04-16 02:30:54 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251973026 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251975056 Attached is the payment schedule for fifteen years.]]> 2018-04-16 02:47:17 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251975056 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251975714 30 year interest: $569,777.

15 year interest: $237,220.

$569,777 Minus $237,220 = $332,557

The calculated difference: $332,557]]> 2018-04-16 02:52:28 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251975714 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251977860 Added Payment: $362.02

Total interest BEFORE added payment: $609,283.71

Total interest AFTER added payment: $486,044.62

Difference: $123,239.09

Link: https://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx]]> 2018-04-16 03:07:47 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251977860 gabrielle_marie425 https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251979360 Added Payment: $ 526.05

Total Interest BEFORE added payment: $253,668.53.

Total Interest AFTER added payment: $219,937.54.

Difference: $33,730.99

Link: https://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx]]> 2018-04-16 03:18:32 UTC https://padlet.com/gabrielle_marie425/9imh88nnqzn2/wish/251979360