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Bank Computations

This document contains an amortization table showing monthly payments, required gross monthly income, and credit ratios for a $1,763,023.69 loan at various interest rates (6.25%, 6.50%, 7.50%) and terms (5, 10, 15, 20 years). It also lists sample expenses totaling $2,585 and deducts $950 from discretionary income, leaving $1,635 in discretionary income.

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Mariel Rivera-Tabulog
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45 views2 pages

Bank Computations

This document contains an amortization table showing monthly payments, required gross monthly income, and credit ratios for a $1,763,023.69 loan at various interest rates (6.25%, 6.50%, 7.50%) and terms (5, 10, 15, 20 years). It also lists sample expenses totaling $2,585 and deducts $950 from discretionary income, leaving $1,635 in discretionary income.

Uploaded by

Mariel Rivera-Tabulog
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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MONTHLY AMORTIZATION TABLE

1,763,023.69 FIXING RATE AND FIXING TERM


LOAN TERM 6.25% 6.50% 7.50%
Fixed for 1 yr Fixed for 3 yrs Fixed for 5 yrs
5 34,289.51 34,495.58 35,327.38
10 19,795.25 20,018.78 20,927.40
15 15,116.57 15,357.83 16,343.45
20 12,886.44 13,144.63 14,202.80
REQUIRED GROSS MONTHLY INCOME
REQUIRED INCOME
LOAN TERM 6.25% 6.50% 7.50%
5 85,723.77 86,238.96 88,318.45
10 49,488.12 50,046.94 52,318.51
15 37,791.42 38,394.57 40,858.62
20 32,216.09 32,861.58 35,507.00
CREDIT RATIO
LOAN TERM FIXING RATE AND FIXING TERM
5
10
20
20.00 20 400.00
50.00 8 400.00
100 15 1,500.00
200 1 200.00
10.00 3 30.00
5.00 11 55.00
2,585.00

2,585.00
less 950.00
1,635.00

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