A table has been provided which must be used in presenting all required data for Step 2 Begin by noting the following information: Cost of Home: total amount home is listed for Now explore three down payment options: Dum Peyment this is your equity towards the cost of the home. Equity is the value of an asset you own - this doesn't include any portion that is borrowed (the mortgage) The down payment is captured in the table as both a % of the purchase price AND the dollar amount this represents - Please refer to the class slides \& textbook for more details on the legal guidelines for a down payment as all three options explored must abide by legal guidelines You are asked to explore three down payment variations: - Down Payment A= minimum legal down payment for this property - Down Payment B=20% Conventional Mortgage OR if Down Payment A is 20%, then an alternate down payment option of your choice - Down Payment C = alternate down payment option of your choice (must differ from two previous and be legally viable)