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Employee: Luis Vasquez Employer: Mr. Blake Dickson Company: Economics 12.

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Presentation on theme: "Employee: Luis Vasquez Employer: Mr. Blake Dickson Company: Economics 12."— Presentation transcript:

1 Employee: Luis Vasquez Employer: Mr. Blake Dickson Company: Economics 12

2 Primary Home  Location: Mataró, Barcelona, Spain  Price: €875.000,00 or $1,217,387.00  High class home in the best area of Mataró.  452 sq. Meters plus a 146 sq meter terrace area.  5 bedrooms and bathrooms  Pool  Great Ocean view.

3 Primary Home Payment Summary Mortgage Repayment Summary $13,171.75 Monthly Payment $4,741,830.69 Total of 360 Payments $1,698,363.19 Total Interest Paid Jan, 2040 Pay-off Date $1,826,080.50 Total Tax Paid $0.00 Total PMI Paid Monthly PMI 152 Monthly PMI Payments of $0.00 Each Oct, 2022 PMI Pay-off Date

4 Secondary Home  Location: Boston, Massachusetts, USA  Price: $1,800,000  2,3,4 bedroom residences, all with direct elevator access and garage parking.  Sleek and elegant gourmet kitchens with Viking appliances and gas cooking.  Sumptous marble master baths with double vanities, soaking tub, and step in showers.

5 Secondary Home Payment Summary $17,162.79 Monthly Payment $6,178,604.12 Total of 360 Payments $1,678,604.12 Total Interest Paid Jan, 2040 Pay-off Date $2,700,000.00 Total Tax Paid $0.00 Total PMI Paid Monthly PMI 126 Monthly PMI Payments of $0.00 Each Aug, 2020 PMI Pay-off Date

6 Maybach 62 S  $448,500  The 2009 62 S is a 4- door, up to 5-passenger luxury sedan.  The 62 S is equipped with a standard 6.0-liter, V12, 604-horsepower, turbo engine.  Achieves 10-mpg in the city and 16-mpg on the highway.

7 Maybach 62 S Payment Summary $7,048.21 Monthly Payment $845,785.27 Total of 120 Payments $262,735.27 Total Interest Paid Jan, 2020 Pay-off Date $134,550.00 Total Tax Paid $0.00 Total PMI Paid Monthly PMI 35 Monthly PMI Payments of $0.00 Each Jan, 2013 PMI Pay-off Date

8 Bentley Brooklands  $340,990  The 2009 Brooklands is a 2-door, 4-passenger luxury coupe.  The Brooklands is equipped with a standard 6.75-liter, V8, 530-horsepower, turbo engine.  Achieves 10-mpg in the city and 14-mpg on the highway.

9 Bentley Brooklands Payment Summary $8,266.42 Monthly Payment $495,985.43 Total of 60 Payments $103,846.93 Total Interest Paid Jan, 2015 Pay-off Date $51,148.50 Total Tax Paid $0.00 Total PMI Paid Monthly PMI 14 Monthly PMI Payments of $0.00 Each Apr, 2011 PMI Pay-off Date

10 Ferrari 612  $319,038  The 2009 612 is a 2- door, 4-passenger luxury sports car.  The 612 is equipped with a standard 6.0- liter, V12, 540- horsepower engine.  Achieves 9-mpg in the city and 16-mpg on the highway.

11 Ferrari 612 Payment Summary $8,056.69 Monthly Payment $483,401.40 Total of 60 Payments $116,507.70 Total Interest Paid Jan, 2015 Pay-off Date $47,855.70 Total Tax Paid $0.00 Total PMI Paid Monthly PMI 15 Monthly PMI Payments of $0.00 Each May, 2011 PMI Pay-off Date

12 MonthlyYearly Total (final) Salary (after tax)62,500750,000 Primary Home Loan13,171.75158,0614,741,830.69 Secondary Home Loan17,162.79205,953.48 6,178,604.12 Maybach Loan7,048.2184,578.52845,785.27 Bentley Loan8,266.4299,197.04495,985.43 Ferrari Loan8,056.6996,680.28483,401.40 Total Loans53,705.86644,47012,745,606.91 Remaining Budget8,794.14105,530.00


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