Consider a scenario 5 years from now, when you are earning $100,000 per year. You are looking to buy a house. Based on your 5C's of credit, find a house from the Realtor.ca, that you like and that falls within your budget.

Once you have found a home, complete the excel sheet provided in this attachment.

Description:	Scenario 1	Scenario 2	Scenario 3	Scenario 4
Terms of Mortgage	20% downpayment , 5- year term, pay monthly, 25 year Amortization period	10% downpayment, 5- year term, pay monthly, 20 year Amortization period	5% downpayment, 5 year term, pay monthly, 15 year Amortization period	your terms
Downpayment at beginning
Monthy mortgage payment
Interest paid for the term
Interest over the amortization period
Total cost of your home at the end of the amortization period
Savings noted from the previous Scenario