Assignment # 3 - Home Financing Project Objective The purpose of this assignment is to familiarize students with the process of budgeting for the purchase and financing of a home, or another significant financed purchase, as well as building awareness of key factors not to be overlooked throughout this process. Overview This assignment is comprised of five parts: 1. 2. Selecting a Property Goal: Students must select, and secure a copy of, a current property listing which is representative of a real estate investment goal they may wish to pursue. Budgeting for your Goal: Students must perform several calculations to determine the total transaction costs, including both the down payment and closing costs, that will be required in order to purchase the home they have selected. Variations on these calculations will explore the effects of making nancial planning adjustments Saving for your Goal: Students must create a savings plan in order to have the funds to cover the transactions costs of purchasing the home, according to a timeline they have set for their goal. Variations on these calculations will explore the effects of making financial planning adjustments. Evaluating Financing Options: Students must examine the advertised mortgage options available through various financial institutions, considering several financing contract factors, in order to finance the remaining cost of the home. Various nancing options will help expose the impacts of different mortgage factors Paying Off the Mortgage: Finally, applying data collected, previous decisions made and incorporating some additional considerations, students must calculate the corresponding monthly mortgage payments by using an online mortgage calculator. Variations on these calculations will explore the effects of making financial planning adjustments. Please take note of following guidelines for the assignment: This is an individual assignment. Assignments submitted which prove not to be unique will be considered in violation of the academic honesty policy Provided table templates are required for assignment completion - alternate formats are not accepted The entirety of all four tables are to he completed All assignment work must be submitted on Blackboard, submission over email are not accepted Submission of documents must be made in PDF format. Submitted les which cannot be opened, will not be graded. Please review your submission in the My Grades Blackbon tool. Submissions may be either a single comprehensive document, or multiple attachments Timely submission and navigating Blackboard is considered part of the assignment A grading rubric is included below