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<br />/ <br />( <br /> <br />IV. Determine the Below-Market Monthly Payment. <br /> <br />Below-Market Monthly <br />Payment = Market Rate Monthly Payment - <br />Monthly Yield Foregone. <br /> <br />$642.06 <br /> <br />= <br /> <br />$662.78 <br /> <br />$20.72 <br /> <br />V. Determine the Below-Market Interest Rate. <br /> <br />Below-Market Interest Rate = the interest rate per annum (truncated after the fourth <br />decimal place) necessary to be able to fully amortize the First Mortgage Loan of $80,000 <br />oyer the First Mortgage Loan Term of 30 years with a Below-Market Monthly Payment <br />of $642.06. <br /> <br />Below-Market Interest Rate = 8.97153114% <br /> <br />Truncated after the fourth decimal place = 8.97% <br /> <br />478/23425AHG.84Y <br /> <br />, <br />, <br /> <br />:,: <br /> <br />;t; <br /> <br />F-2 <br />