Amortization P1 = 60 and P2 = 60, Balance = $4,252,462.31 Difference between selling and principal remaining on the loan is: 15 Year Loan: $5,500,000 $3,491,314.54 = $2,008.685.46 – 20 Year Loan: $5,500,000 $3,896,195.15 = $1,603,804.85 – 30 Year Loan: $5,500,000 $4,252,462.31 = $1,247,537.69 –
Amortization P1 = 60 and P2 = 60, Balance = $4,252,462.31 Difference between selling and principal remaining on the loan is: 15 Year Loan: $5,500,000 – $3,491,314.54 = $2,008.685.46 20 Year Loan: $5,500,000 – $3,896,195.15 = $1,603,804.85 30 Year Loan: $5,500,000 – $4,252,462.31 = $1,247,537.69
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