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❶You are to find the interest rate associated with each down payment option and calculate the mortgage payments for each. Calculate the monthly payments including taxes, mortgage insurance, and interest.

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Do you want a one or two story home? Do you want a fireplace? Do you want a garage? What size lot do you want? You will need to determine the following: The area to find your home. What features do you want in the home? What are the monthly payments?

Research and select 2 homes you would like to purchase. One of the homes should be a practical choice and the other can be a "reasonable dream" home. Find the current interest rate on home loans and determine the monthly cost for the homes you choose. Find the cost for mortgage insurance. Calculate the monthly payments including taxes, mortgage insurance, and interest.

Determine the total cost of purchasing the home at the end of the mortgage term. You will determine the location, features, and price of the home and explain your choices. You will then search for a house meeting the above criteria using the websites listed below. Be sure to note the website where you found your house in your presentations. You will choose 2 homes from the houses obtained in your search that you would like to purchase.

Use the Home Buying Record Sheet that is in the google docs template gallery. Go to Google Docs and save yourself a copy of this file.. You need to research mortgage options for home buying. You are to find the interest rate associated with each down payment option and calculate the mortgage payments for each.

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