Learning Activities: Module 6 Assignment This module is packed with a lot of great information, covering the key loan programs generally available. Comparing a few is a worthwhile exercise, one that borrowers should go through before selecting one. Pick a neighborhood and look-up what the value is generally in that area. You can use "Zillow.com", "Redfin.com", call a realtor listing a property, or make one up. From the following list, pick at least three for comparison 30-year fixed rate loan with 20% down 15 year fixed with 20% down 30-year all due in 7 years with 10% down Adjustable Rate loan with 20% down Adjustable rate loan with 5% down 30-year fixed rate with 10% down. Get current price quotes (rate and mortgage insurance) information for your selected products. Your can find quotes online or buy calling a bank, mortgage banker or realtor. Prepare a comparative table listing the following 1. Purchase price (assumed) 2. Loan amount 3. Cash down payment required 4. Interest rates (initial, year three maximum, and life of loan maximum) 5. Payment amounts (P&I only-initial, year three maximum, and life of loan maximum) 6. Private mortgage insurance payment (if required) 7. Maturity date Instructions: You must complete the assignment using either Microsoft Word or a rich