Due Date: 11:59 pm EST Sunday of Unit 6
Points: 50
Overview:
In this assignment, you will compare and contrast financing options. When financing a
home, it is important to understand your options. Each option comes with pros and
cons, some of them are short-term and some of them are long-term. The purpose of this
assignment is to demonstrate your ability to understand a variety of financing options
and develop amortization schedules and then use a series of subjective and objective
criteria to analyze the short-term and long-term pros and cons to justify a decision.
Instructions:
1. Choose a piece of real estate (residential, commercial, warehouse, land) using a
resource such as realtor.com, zillow.com, etc. Provide the listing sheet or link.
2. Determine a down payment percentage. A standard down payment is 20%. You
may choose another percentage.
a. Provide a justification for the down payment percentage you choose.
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