Mortgage Amortization Table Explained Engineering Economics Live Class Recording

Engineering Economics, Mortgage Amortization, loan amortization, amortization table explained, amortization explanation, interest on a mortgage, monthly payment, principal and interest, interest on a mortgage, interest on a loan.

[@interest21stcentury74]

You are amazing dr , I thank god for finding your channel , I understood the entire course of 1 month in 1 week because of you. I'll be telling my struggling Classmates about your channel , you deserve more . Thank you so much !

[@EngineeringEconomicsGuy]

Thank you for such a nice comment! Good luck in your course!

[@deepsbhat]

A couple is purchasing a $450,000 house with a $100,000 down
payment Their mortgage options are:
1) 30-yr
• 7% fixed rate
• with 0.157 points
• plus $1,000 closing costs
2) 30-yr ARM
• 6.5%, with maximum increase of 100 basis points per year
• no more than 500 basis points over the 7-year period;
• plus 1.208 points $850 other closing costs
3) 5-year interest-only loan,
• with 6.1% annual nominal interest,
• 1.753 points
• $7,500 other closing costs
Which should they choose if their nominal annual TVOM is 10% and
they plan to sell the house in 5 years?
I am struggling with this especially when understanding present worth. Are there any videos that specifically covers APRs and Loans?