1. Collect data on available rentals for one house and apartment, as well as information on homes for sale. Identify other costs outside of mortgage or rental payment. Create Debt amortization schedule for purchase of $150k house / condo, 30yr mortgage, 4% fixed int rate. What happens when you pay $500 more per month. How much do you save in interest as well as years? Collect data on a rental (house or apartment) that interests you in Florida.
2. So what is needed is to (Collect data on a certain property to purchase that may interest you in Florida and include the source. Then identify and list costs associated with each choice outside of mortgage and rental payment itself. Given the two choices and stage of life, which choice would you choose and why? Create an amortization table for loan at $150,000, 30 year mortgage at 4% fixed rate in Excel format. What will happen to the loan above if you pay $500 more a month. Please provide interest on loan saved and number of years reduced in Excel format