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Do a quick research and find out the median home price in Kalamazoo area. Assuming you will put down 10% down payment and you will

Do a quick research and find out the median home price in Kalamazoo area. Assuming you will put down 10% down payment and you will take up a mortgage loan for the remaining amount. Find out the 30-year fixed interest rate and 15-year fixed interest rate from the bank you have an account.

Median Home Price : 122,344

Down Payment (%) :10% for both

Mortgage Loan Amount

Years to Maturity: a.) 30 B.15

Fixed Interest Rate

Monthly Payment

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