Mortgage Project
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mortgageprojectsummaryform.docxMortgage Project – Comparing Fixed Rate Home Mortgage Options
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Team Member |
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Team Member |
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Both team members need to upload the project report to receive credit. |
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Property Address |
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Purchase Price |
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Website for property information |
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Website for interest rate information |
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Website for mortgage calculator |
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20% down payment |
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Loan Amount |
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30-year interest rate |
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Monthly Payment |
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Total Interest paid |
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1st payment where Principal payment exceeds Interest payment |
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Interest saved by paying $100 extra toward principal each month (Use an online mortgage calculator to find this information.) |
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15-year interest rate |
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Monthly Payment |
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Total Interest paid |
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1st payment where Principal payment exceeds Interest payment |
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Interest saved by paying $100 extra toward principal each month (Use an online mortgage calculator to find this information.) |
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10% down payment |
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Loan Amount |
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30-year interest rate |
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Monthly Payment |
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Total Interest paid |
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1st payment where Principal payment exceeds Interest payment |
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|
Interest saved by paying $100 extra toward principal each month (Use an online mortgage calculator to find this information.) |
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15-year interest rate |
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|
Monthly Payment |
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|
Total Interest paid |
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|
1st payment where Principal payment exceeds Interest payment |
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|
Interest saved by paying $100 extra toward principal each month (Use an online mortgage calculator to find this information.) |
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Recommendation letter to client/friend included on separate page.
