1. Select a mortgage with the best terms when comparing the cost of buying a home with these mortgage terms to renting over a three year period after graduation. We are doing renting vs owning a home. The first section is renting vs owning a home. I choose 436 per month, the amount per yr is 5232 and over three years is 15,696. The next is renters insurance and it may not be needed if you do not own extensive or expensive items so I am leaving that blank. The next one is the opportunity cost of security deposit which we will assume an interest rate of 2% for calculating the lost interest income on the security deposit. If you could help determine the opportunity cost of security deposit. Choose a mortgage payment from a fixed rate mortgage that is most affordable, need help to choose three types and rates and that will help determine the mortgage payment. The down payment I can do is 10,000. Next is opportunity costs of down payment which we are assuming the interest rate is 2% for calculating lost interest income on the down payment for the house. The property tax is 430 from a house that is for sale which is 1435 Jefferson heights Pgh pa 15235. Next is home insurance which we are assuming annual insurance cost of 0.5% of the purchase price of the house and cost of the house is 115,000. Closing costs is the next one in assuming the closing costs of 3% of the purchase price of the house The next is maintenance costs. Next is property taxes which is annual property taxes times tax rate. Next is points for first year only which is points times loan times tax rate. Last is an increase in home values which represents any change in your houses value that you expect over the three years. Decisions are last with three questions. 1. What is the mortgage amount and down payment that you can afford? 2. Is a fixed rate or adjustable rate mortgage better suited to your financial situation? What maturity, interest rate, and monthly payment can you afford? 3. Describe whether buying or renting a home is preferable for you. Thank you.