Question Details

[solution]: I am doing my homework but unable to understand anything. can you


Answer download
More Details:

I am doing my homework but unable to understand anything. can you solve it out for me?


MTH108 House Project, Part IV

 

Instructions: This is the fourth part of a course-long project. Show all work for each section. Any

 

paragraphs should be typed and written in complete sentences. Use Times New Roman, 12-point

 

font and double space. Cite any resource(s) you use ? click the course research guide for helpful

 

information on APA formatting.

 


 

Part IV: Comparing the Different Mortgages

 

In Part III, you calculated mortgage payments based on 15- or 30-year fixed mortgages.

 

Now, you are going to look at other loan options and the total costs of purchasing a home.

 

Carry forward the information from Part III to help you with this assignment.

 

Purchase price of home:_______________

 

Loan 1: 30-year fixed mortgage with 20% down payment:

 

?

 


 

Down payment: ____________

 


 

?

 


 

Monthly payment: __________

 


 

?

 


 

Closing costs: ______________

 


 

Loan 2: 15-year fixed mortgage with 10% down payment:

 

?

 


 

Down payment: ____________

 


 

?

 


 

Monthly payment: __________

 


 

?

 


 

Closing costs: _____________

 


 

Loan 3: 30-year fixed mortgage with penalty:

 

?

 


 

Down payment: ____________

 


 

?

 


 

Monthly payment: __________

 


 

?

 


 

Closing costs: ______________

 


 

Loan 4: 15-year fixed mortgage with points :

 

?

 


 

Down payment: ____________

 


 

?

 


 

Monthly payment: __________

 


 

?

 


 

Closing costs: _____________

 


 

*** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** ***

 

***

 


 

?

 


 

?

 


 

For each of the four different mortgages, determine, after the loan is paid off, how

 

much you will have paid for your home including all costs.

 

?

 


 

Loan 1: 30-year fixed mortgage with 20% down payment. Show your

 

work. :____________

 


 

?

 


 

Loan 2: 15-year fixed mortgage with 10% down payment. Show your

 

work.____________

 


 

?

 


 

Loan 3: 30-year fixed mortgage (with penalty). Show your

 

work____________

 


 

?

 


 

Loan 4: 15-year fixed mortgage (with points). Show your work.

 

____________

 


 

After the loan is paid off (your answers from question #1 above), calculate how much

 

of that total payment will have been interest (remember to refer to the initial cost of

 

your house).

 


 

?

 


 

Loan 1: 30-year fixed mortgage with 20% down payment. Show all

 

work.:

 

____________

 


 

?

 


 

Loan 2: 15-year fixed mortgage with 10% down payment Show all work:

 


 

____________

 


 

?

 


 

?

 


 

Loan 3: 30-year fixed mortgage (with penalty) Show all work:

 

____________

 


 

?

 


 

Loan 4: 15-year fixed mortgage (with points) Show all work.

 

____________

 


 

Comparing all four mortgages, address the following questions and thoroughly

 

explain your reasoning:

 

?

 


 

What are the advantages of each mortgage? Be specific. Use your

 

calculations and analysis to support your answers.

 


 

Loan 1:

 


 

Loan 2:

 


 

Loan 3:

 


 

Loan 4 :

 


 

?

 


 

What are the disadvantages of each mortgage? Be specific. Use your

 

calculations and analysis to support your answers.

 


 

Loan 1:

 


 

Loan 2:

 


 

Loan 3:

 


 

Loan 4:

 


 

?

 


 

Which mortgage seems to make the most sense for you considering your

 

future salary (based on your answers for House Project, Part I)? Provide a

 

well-supported explanation for your answer. This should be at least five

 

complete sentences.

 


 

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Dec 18, 2020

PRICE: $18.50

Solution~00031148133853.zip (25.37 KB)

Buy this answer for only: $18.50

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Dec 18, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now