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1. The house really stands out and is centrally located within the community to make commuting within Colorado Springs easier. 2. The home we chose is 5425 Widgeon Point Colorado Springs, CO 80918, that has a current asking price of $990,000. 3. Based on rates from bankrate.com, currently, we would be able to obtain around a 3.78% interest rate for a 30 year fixed mortgage. 4. At a 10% rate there would need to be a down payment of $99,000 in order to secure any locked in rates 5. The loan amount needed would be $891,000 removing the down payment. HOW muc yod 6. If the mortgage is a 30 year fixed rate loan with monthly payments, what will your mortgage payment amount be each month? Note: Do not use Bankrate.com for your loan payment. Calculate it using TVM tools learned from the TVM Boot Camp modules (eg PV, FV, PMT, N, i). Can you afford the mortgage payment? What could you do to be able to afford the home? How expensive of home do you think you could afford if you worked from a payment standpoint (eg start with the payment you think you can afford, and then calculate the loan amount and add in your down payment for a total purchase amount). Does this seem like a reasonable amount to buy a home in Colorado Springs? delete retu eeument How large was the down navment vou calculated earlier? Do you have