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    This document compares home loan options from 4 banks for a $200,000 loan amount. It shows the interest rates, which range from 1% to 4% depending on if the loan is fixed or adjustable rate. It also lists the upfront costs, monthly payments, and caps on the adjustable rate loans over the life of the loan. The loan with the lowest upfront costs and interest rate is a 30-year fixed rate loan at 3.5% from Bank 3.

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    Excel Formula

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    This document compares home loan options from 4 banks for a $200,000 loan amount. It shows the interest rates, which range from 1% to 4% depending on if the loan is fixed or adjustable rate. It also lists the upfront costs, monthly payments, and caps on the adjustable rate loans over the life of the loan. The loan with the lowest upfront costs and interest rate is a 30-year fixed rate loan at 3.5% from Bank 3.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    1 views1 page

    Home Excel 2

    Uploaded by

    zamida1201
    This document compares home loan options from 4 banks for a $200,000 loan amount. It shows the interest rates, which range from 1% to 4% depending on if the loan is fixed or adjustable rate. It also lists the upfront costs, monthly payments, and caps on the adjustable rate loans over the life of the loan. The loan with the lowest upfront costs and interest rate is a 30-year fixed rate loan at 3.5% from Bank 3.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    HOME LOAN COMPARISON

    DATE
    AMOUNT

    9/1/2012
    $200,000

    INTEREST RATE COMPARISON

    UP-FRONT COSTS

    4%
    3%
    2%
    1%

    $5000

    [CELLR
    [CELLR
    [CELLR [CELLR ANGE]
    ANGE]
    ANGE]
    ANGE]

    $4000
    $3000
    $2000
    $1000

    0%

    #
    4
    3
    1
    2

    Bank
    Bank
    Bank
    Bank

    TYPE
    Adjustable
    Adjustable
    Fixed
    Fixed

    TERM
    5
    7
    30
    15

    1%

    [CELLR
    [CELLR
    [CELLR [CELLR ANGE]
    ANGE]
    ANGE]
    ANGE]

    0%

    APR
    3.338%
    3.252%
    3.755%
    3.291%

    POINTS
    2.00
    2.00
    1.75
    1.50

    UP-FRONT COSTS
    $5000
    $4000
    $3000
    $2000
    $1000

    INTEREST RATE COMPARISON

    1%

    RATE
    2.500%
    2.625%
    3.500%
    2.875%

    $200

    $400

    $600

    $800

    $1000

    $4000
    $3000
    $2000
    $1000
    $0

    $1600

    YEARLY CAP
    2.00
    2.00

    [CELLRANGE]
    [CELLRANGE]
    [CELLRANGE]
    [CELLRANGE]
    $0

    UP-FRONT COSTS
    $5000

    $1400

    MONTHLY PAYMENTS

    $200

    $400

    $600

    $800

    $1000

    $1200

    $1400

    $1600

    MONTHLY PAYMENTS

    $6000

    [CELLR
    [CELLR
    [CELLR [CELLR ANGE]
    ANGE]
    ANGE]
    ANGE]

    $1200

    $ POINTS
    $ CLOSING
    UP FRONT
    PAYMENT
    YEAR-1 CAP
    $4,000.00
    $1,000.00
    $5,000.00
    $790.24
    5.00
    $4,000.00
    $750.00
    $4,750.00
    $803.30
    5.00
    $3,500.00
    $500.00
    $4,000.00
    $898.09
    $3,000.00
    $1,200.00
    $4,200.00
    $1,369.17

    [CELL [CELL
    RANG RANG [CELL [CELL
    RANG RANG
    E]
    E]
    E]
    E]

    $0

    4%

    2%

    [CELLRANGE]
    [CELLRANGE]

    $6000

    0%

    3%

    [CELLRANGE]

    $0

    YEARS AMORTIZED
    30
    30
    30
    15

    INTEREST RATE COMPARISON


    4%

    2%

    [CELLRANGE]

    [CELL [CELL
    RANG RANG [CELL [CELL
    RANG RANG
    E]
    E]
    E]
    E]

    $0

    BANK
    Woodgrove
    Woodgrove
    Woodgrove
    Woodgrove

    3%

    MONTHLY PAYMENTS

    $6000

    [CELLRANGE]

    [CELL [CELL
    RANG RANG [CELL [CELL
    RANG RANG
    E]
    E]
    E]
    E]

    [CELLRANGE]
    [CELLRANGE]
    [CELLRANGE]
    $0

    $200

    $400

    $600

    $800

    $1000

    $1200

    $1400

    $1600

    LIFETIME CAP
    5.00
    5.00

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