Mortgage Worksheet Template Page 2
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1
2You must use this formula to determine the Loan Amount: HOME VALUE - $500,000 = LOAN AMOUNT
Home Value
$2,000,000
$1,550,000
$1,050,000
Check out your savings by entering all
Loan Amount
of the possible prices in the table
below for a 15 year loan at a 3.67%
Monthly
interest rate:
Payment
Monthly
Payment Pay-
off Date
Monthly Total
Interest Paid
Bi-Weekly
Payment
Bi-Weekly
Pay-off Date
Total Bi-
Weekly
Interest Paid
Risk or
Opportunity?
If you were the mortgage officer in charge of this loan, what advice would you give the future owners of Roaring Springs? Why do you think that? Write your
thoughts here:
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0 votes
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