Compare list of four different loan options.

1.Fixed-rate mortgage

2. Construction

3. Ballon payment mortgage

4. Adjustable rate mortgage

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WORKSHEET 39-MORTGAGE SHOPPING WORKSHEET \begin{tabular}{|c|c|c|} \hline Margin added to index? & isn't applicable & predeterminedpercentagethatthelenderaddstothechosenindex \\ \hline Frequencyofpossibleratechange? & no rate change & \\ \hline Maximumpossiblerateafteroneyear? & Theresnoscenariowheretheratecanchange,increase. & \\ \hline Maximumnewmonthlypaymentafteroneyear? & - & \\ \hline Annual interest rate cap? & & \\ \hline Maximumpossibleinterestrateoverlifeofloan? & & \\ \hline Maximumpossiblepaymentoverlifeofloan? & & \\ \hline Up-front fees & & \\ \hline Application,origination,loanprocessingfees? & & \\ \hline Mortgage broker fees? & & \\ \hline Credit report fees? & & \\ \hline Title search/insurance fee? & & \\ \hline Transfertax/deedfilingfee? & & \\ \hline Prepaid PMI fee? & & \\ \hline Appraisal fee? & & \\ \hline Other fees? & & \\ \hline \end{tabular}