#8 only, the first photo are questions i already solved/given criteria

1. The house really stands out and is centrally located within the community to make commuting within Colorado Springs easier. 2. The home we chose is 5425 Widgeon Point Colorado Springs, CO 80918, that has a current asking price of $990,000. 3. Based on rates from bankrate.com, currently, we would be able to obtain around a 3.78% interest rate for a 30 year fixed mortgage. 4. At a 10% rate there would need to be a down payment of $99,000 in order to secure any locked in rates 5. The loan amount needed would be $891,000 removing the down payment. 6. The monthly mortgage amount is $4,142. 7. Now back to the down payment. How large was the down payment you calculated earlier? Do you have the down payment today? What are some realistic ways you could acquire the total amount for the down payment? What resources do you have available to fund the down payment? 8. Let's say you decide to start saving for the down payment and you can earn, on average, 7% a year on your investments. How long would it take to acquire the down payment if you could save $300 a month? How much would you have to save each month to reach the down payment goal faster? How much faster could you reach your goal? 9. Does this seem realistic to you? Why? Does it seem better to rent or own a home? Why? Considering your research and calculations from above, how attainable do you think it is for vou to acquire homeownership? What goals and plans could you start today to begin your quest2