For this project, individuals will perform various calculations involving a hypothetical home mortgage.

1. Find a listing on a house for sale online. The house can be anywhere in the United States and cost any amount. Copy and paste (or Snip) the listing into a Google or Word Doc. Cite the source of your listing.

2. Find a reasonable interest rate for a 30-year fixed rate mortgage for your house with a 20% down payment. You can find this on your bank's website. Snip or type this into your Doc. Cite the source of your interest rate.

3. Calculate the monthly payment for the mortgage. Do not include taxes or insurance in the payments. Then put the results in your Doc.

4. Copy and paste or Snip an annual amortization table into your Doc.

5. Do some research online to find reasonable estimates for property tax and home owners insurance. Add monthly amounts for these to your monthly mortgage payments. Be careful when adding, taxes are usually given in annual amounts and insurance in semi-annual amounts. Cite the sources of your findings.

Type this report.