Annual
	Payments	Principal	Interest	Balance

ANALYSIS

1. Refer to your Life Map submission for Chapter 1 to identify the location where you would like to live after graduation. Use a Web site to search listings of local homes for sale in your price range [assume a reasonable price range would be 2.5 times your expected gross annual income - i.e. annual income before taxes]. Record information on homes of interest below. The price range from 100,000 to 130,000 in the zip code of 15235. I need to find homes with address list price msn price estimate monthly payment and real estate agent. A down payment that I can afford to make is 10,000. Next is gathering information on loan rates and record it. Four mortgage types and rates. Create an amoritization table for the fixed rate mortgage that is most affordable choose loan amount number of years annual interest rate and monthly payment amount. With a table it is amortization schedule for year 1 where you input monthly payment payment, payment, principal, interest, and balance. The last thing is an amortization schedule annual totals from year 1 -15 with inputting amounts for annual payments principal interest and balance.