Discuss the relevance of the purchase price, the interest rate and the term of the mortgage loan. Show the first 5 years of an amortization table and discuss how the payment would change if one or more of the variables were different, i.e. if a 15-year mortgage were selected instead of a 30-year mortgage, or if a different interest rate were used. Which configuration of variables produces the best scenario? How will inflation, depreciation or increase in value affect your plan? Should the method and costs of financing the project be part of the analysis? Are there any tax advantages to one investment or another?