Property purchase price 2500000appraised market value, Ask an Expert

Finance

Property Purchase Price: $2,500,000

Appraised Market Value: $2,400,000

Property Net Income Estimate: $160,000 per year

Loan – to – Value Ratio: 70%

Interest Rate: 6.0%

Amortization Period: 25 years

Loan Term: 5 years

Required Debt Coverage Ratio: 1.25 (minimum)

Borrower’s Additional Closing Costs: $25,000

CALCULATE THE FOLLOWING:

1. Loan amount using LTV ratio

2. Monthly Debt Service and Annualized Debt Service

3. Mortgage Constant

4. Balloon Balance due at maturity

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93043061

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