PreCalc Finance Project
Hour 5 Austin Adams
30 Year Loan
The loan page is shown here - https://bankbv.connect.mortech-inc.com/connect/jsp/mortgageCenter/home.jsp
30 Year Fixed Loan for the House!
How Much Time and Money Would Be Saved By Adding 15% More Money?
(145,554.4x(.045/12)-1=(1+.045/12)^(-12xT). So, adding 15% would save you 7.7 years of time. The amount it would save you in money would be (30x12x737.5)-(22.3x12x848.14) = 38537.74.$.
House- Shopper, A. (12, 16 13). 5307-goodman-ln-overland-park-ks-66202. Retrieved from http://www.zillow.com/homedetails/5307-Goodman-Ln-Overland-Park-KS-66202/75536826_zpid/