ASSIGNMENT
Go to a realtor’s website and choose a house.
Use the information available of the realtor’s website (or an online mortgage calculator) to find the total amount you would pay for a 30-year mortgage on that house at 4% interest (assume you make a 20% down payment). Now do the same calculation using 7% as the interest rate. What is the difference in total mortgage payments between the 4% loan and the 7% loan?
To complete this assignment and receive an A you need to do three things:
Show your hand-written calculations.
Include an image of the house into your posting.
Include the link to the web page that you used.
Use the information available of the realtor’s website to find the total amount you would pay for a 30-year mortgage on that house at 4% interest. What is the difference in total mortgage payments between the 4% loan and the 7% loan?
