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It costs $200,000.
She will make a $40,000 down payment.
Note: the home is bought and the loan is taken in month 0, the first payment is due in month 1.
Anns net cash flow each month is total cash inflows minus total cash outflows that month.
Anns annualized for the mortgage is 4.17%. It is higher than the mortgage interest rate (4%) because it
factors in the mortgage fees paid upfront.
3. Plot Anns mortgage balance in one graph. Place the figure here.
Mortgage Balance
$180,000.00
$160,000.00
$140,000.00
$120,000.00
$100,000.00
$80,000.00
$60,000.00
$40,000.00
$20,000.00
$0.00
0 50 100 150 200 250 300 350 400
4. Plot Anns mortgage payment, interest payment and principal payment in one graph. Place the figure
here.
5. Plot Anns home equity every month under each of the three HPA scenarios in one graph. Place the
figure here.
Home Equity
$3,500,000.00
$3,000,000.00
$2,500,000.00
$2,000,000.00
$1,500,000.00
$1,000,000.00
$500,000.00
$0.00
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