Explore BrainMass

Explore BrainMass

    Mortgage comparison

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Part I: Select a piece of real estate (residential, commercial, warehouse, land). Any number of resources can be used (www.realtor.com is one option). You will need to include a listing sheet/link with your submitted assignment.

    Part II: Determine a down payment. A standard down payment is 20%, however you may offer justification for any amount/percent you choose.

    Part III: Research 2 different financing options

    Part IV: Use Excel (or other approved spread sheet) to create a complete amortization schedule for the life of both financing options.

    Part V: Write an analysis that compares and contrasts the two financing options in detail. Be specific. Include justifications for selecting an option.

    © BrainMass Inc. brainmass.com October 2, 2020, 5:41 am ad1c9bdddf

    Solution Preview

    Please see the attached files for the tutorial.

    PART I
    I have always love going to Harvard University which is the reason why for this tutorial, I chose Boston as the city where the real estate property should be located at.

    I have chosen a $284,900 1,622 sq. ft. residential house with 3 bedrooms, and 2 and a half ...

    Solution Summary

    This solution shows step-by-step instructions to compare mortgages in real estate. Links are provided for financing option research.