this is a real estate finance question, i really only need the beginning balance numbers...
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this is a real estate finance question, i really only need the beginning balance numbers and i can figure out the rest Create a schedule of predicted cash flow for the following pass-through. Mortgage pool: $5 million All mortgages are FRM at 10% per year, 5-year maturity, yearly payment Pass-through: $5 million, yearly payment Fee payment: 0.5% of outstanding balance Assume prepayment rate: 0.5% of the mortgage pool for the 14 year, 1% for the 2nd year, and 1.25% for the remaining years What is the value of this pass-through at 8% discount rate? Year Beginning Mortgage Interest Principal Pre- Fee Payment to balance payment payment payment payment payment investors balance

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