In this assignment, you will compare and contrast financing options. When financing a home, it is important to understand your options. Each option comes with pros and cons, some of them are short-term and some of them are long-term. The purpose of this assignment is to demonstrate your ability to understand a variety of financing options and develop amortization schedules and then use a series of subjective and objective criteria to analyze the short-term and long-term pros and cons to justify a decision. Instructions:

1.Choose a piece of real estate (residential, commercial, warehouse, land) using a resource such as realtor.com, zillow.com, etc.Provide the listing sheet or link

.2.Determine a down payment percentage. A standard down payment is 20%. You may choose another percentage. a.Provide a justification for the down payment percentage you choose.

3.Research two different financing options. For example, 15-year.fixed, 30-year. Fixed, 5-1 ARM, VA loan, etc.a.Use Excel, or another approved spreadsheet,and create a complete amortization schedule for the life of both financing options.

4.Compare and contrast the two financing options.a.Explain any background information and/or further description of loan types selected.

5.Identify the financing option you would choose.a.Provide a justification for your financing option selection.Requirements:

Numbers 1, 2, 4, 5 should be in a Word document. Number 3 should be an Excel, or another approved spreadsheet.