Using the information from your promissory note for the real estate you want to buy, you will be calculating your loan amount. Visit this website. The loan purpose is a home purchase. Your repayment period will be for 30 years with an interest rate of 3.5%, and a start date of next month.
In a Word document, give the following:
- Monthly principal and interest amount
- Total of 360 payments
- Total interest paid
- Pay-off date
- Copy and paste the entire mortgage amortization schedule
