A residential home worth $ 1,249,000 in a town. Create an amortization schedule with 2 different financing options with Excel. Complete the following steps:

I. Determine a down payment. (a standard down payment is 20%)

II. Research 2 different financing options (describe)

III. Use Excel to create a complete amortization schedule for the lif of both financing options.

IV. Write up an analysis that compares and contrasts the two financing options in detail. Please be specific. Include justifications for selecting an option.