1) What is the Monthly Mortgage Payment for a 30-yr fixed rate mortgage with an interest rate of 4.25%, 1.5 points and $3000 in fees on a home with a value of $325,000 and an LTV of 93%?
2) What is the Monthly Mortgage Payment for a 15-yr fixed rate mortgage with an interest rate of 3.00%, 1 point and $2000 in fees on a home with a value of $225,000 and an LTV of 93%?
For the answers use N, I/Y, PV, PMT, FV