Financial Math Project: Home Shopping for Jones Family PPT Answer

Particulars

Home 1

Home 2

Home 3

Address

15769 23b Avenue Surrey, BC V4A9Y4

15463 10th Avenue, Surrey, British Columbia V3R1N9

6741 185A Street Surrey, Bristish Columbia V3S9B5

MLS Number

R2790684

R2769557

R2830581

 House Price

$1,576,000

$1,300,000

$1,200,000

Particulars

Home 1

Home 2

Home 3

Address

15769 23b Avenue Surrey, BC V4A9Y4

15463 10th Avenue, Surrey, British Columbia V3R1N9

6741 185A Street Surrey, Bristish Columbia V3S9B5

MLS Number

R2790684

R2769557

R2830581

 House Price

$1,576,000

$1,300,000

$1,200,000

Less: Cash available

$200,000

$200,000

$200,000

Mortgage amount

$1,376,000

$1,100,000

$1,000,000

Particulars

Home 1

Home 2

Home 3

Address

15769 23b Avenue Surrey, BC V4A9Y4

15463 10th Avenue, Surrey, British Columbia V3R1N9

6741 185A Street Surrey, Bristish Columbia V3S9B5

MLS Number

R2790684

R2769557

R2830581

 House Price

$1,576,000

$1,300,000

$1,200,000

Less: Cash available

$200,000

$200,000

$200,000

Mortgage amount

$1,376,000

$1,100,000

$1,000,000

Instalment

9,282.25

7,420.41

6,745.82

Home 1 for $1,576,000
15769 23b Avenue Surrey, BC V4A9Y4
MLS Number: R2790684

CIBC Bank

RBC Bank

TD Bank

BMO Bank

Soctia Bank

2 Year

Fixed

Closed

10,114.88

9,804.43

9,489.57

9,480.89

10,294.15

Opening

10,052.45

9,866.18

9,550.43

9,480.89

10,222.28

Variable

Closed

10,222.28

9,857.34

9,515.63

9,506.94

11,453.26

Opening

10,150.62

9,857.34

9,515.63

9,446.21

11,368.84

3 Year

Fixed

Closed

9,936.96

9,282.25

9,282.25

9,368.38

9,936.96

Opening

9,875.01

9,308.05

9,282.25

9,428.89

9,875.01

Variable

Closed

9,901.54

9,308.05

9,299.45

9,420.23

11,172.81

Opening

9,963.56

9,351.13

9,359.75

9,420.23

11,256.66

5 Year

Fixed

Closed

9,804.43

9,769.22

9,857.34

9,282.25

9,760.42

Opening

9,866.18

9,707.73

9,857.34

9,308.05

9,822.05

Variable

Closed

9,901.54

9,795.62

9,875.01

9,725.28

10,303.15

Opening

9,901.54

9,734.06

9,875.01

9,725.28

12,893.79

Home 2 $1,300,000
15463 10th Avenue, Surrey,
British Columbia V3R1N9
MLS Number: R2769557

CIBC Bank

RBC Bank

TD Bank

BMO Bank

Soctia Bank

2 Year

Fixed

Closed

8,086.02

7,837.84

7,586.14

7,579.20

8,229.34

Opening

8,036.12

7,887.21

7,634.79

7,579.20

8,171.88

Variable

Closed

8,171.88

7,880.14

7,606.97

7,600.03

9,155.95

Opening

8,114.60

7,880.14

7,606.97

7,551.47

9,088.46

3 Year

Fixed

Closed

7,943.79

7,420.41

7,420.41

7,489.26

7,943.79

Opening

7,894.27

7,441.03

7,420.41

7,537.63

7,894.27

Variable

Closed

7,915.48

7,441.03

7,434.15

7,530.71

8,931.75

Opening

7,965.05

7,475.47

7,482.36

7,530.71

8,998.78

5 Year

Fixed

Closed

7,837.84

7,809.69

7,880.14

7,420.41

7,802.66

Opening

7,887.21

7,760.54

7,880.14

7,441.03

7,851.93

Variable

Closed

7,915.48

7,830.80

7,894.27

7,774.57

8,236.53

Opening

7,915.48

7,781.59

7,894.27

7,774.57

10,307.54

Home 3 for $1,200,000
6741 185A Street Surrey, Bristish Columbia V3S9B5
MLS Number :R2830581

CIBC Bank

RBC Bank

TD Bank

BMO Bank

Soctia Bank

2 Year

Fixed

Closed

7,350.93

7,125.31

6,896.49

6,890.18

7,481.22

Opening

7,305.56

7,170.19

6,940.72

6,890.18

7,428.98

Variable

Closed

7,428.98

7,163.77

6,915.43

6,909.12

8,323.59

Opening

7,376.91

7,163.77

6,915.43

6,864.98

8,262.24

3 Year

Fixed

Closed

7,221.63

6,745.82

6,745.82

6,808.42

7,221.63

Opening

7,176.61

6,764.57

6,745.82

6,852.39

7,176.61

Variable

Closed

7,195.89

6,764.57

6,758.32

6,846.10

8,119.77

Opening

7,240.96

6,795.88

6,802.15

6,846.10

8,180.71

5 Year

Fixed

Closed

7,125.31

7,099.72

7,163.77

6,745.82

7,093.33

Opening

7,170.19

7,055.04

7,163.77

6,764.57

7,138.12

Variable

Closed

7,195.89

7,118.91

7,176.61

7,067.79

7,487.76

Opening

7,195.89

7,074.17

7,176.61

7,067.79

9,370.49

Particulars

Home 1

Home 2

Home 3

Address

15769 23b Avenue Surrey, BC V4A9Y4

15463 10th Avenue, Surrey, British Columbia V3R1N9

6741 185A Street Surrey, Bristish Columbia V3S9B5

MLS Number

R2790684

R2769557

R2830581

 House Price

$1,576,000

$1,300,000

$1,200,000

Less: Cash available

$200,000

$200,000

$200,000

Mortgage amount

$1,376,000

$1,100,000

$1,000,000

Installment

$9,282.25

$7,420.41

$6,745.82

Total amount of money paid

$2,784,676.27

$2,226,122.02

$2,023,747.29

Particulars

Home 1

Home 2

Home 3

Address

15769 23b Avenue Surrey, BC V4A9Y4

15463 10th Avenue, Surrey, British Columbia V3R1N9

6741 185A Street Surrey, Bristish Columbia V3S9B5

MLS Number

R2790684

R2769557

R2830581

 House Price

$1,576,000

$1,300,000

$1,200,000

Less: Cash available

$200,000

$200,000

$200,000

Mortgage amount

$1,376,000

$1,100,000

$1,000,000

Installment

$9,282.25

$7,420.41

$6,745.82

Total amount of money paid

$2,784,676.27

$2,226,122.02

$2,023,747.29

Total interest amount (a-b)

$1,408,676.27

$1,126,122.02

$1,023,747.29