Need help! The price of my home for this example will be $300,000.

II. Let's Buy a House Find a listing for a house you might like to buy. For this, I have set a maximum of $600,000. Attach a copy of the listing as part of the project. Use its information to answer the following questions. 1.) What is the price of your home? $300,000 2.) If the down payment is 20% of the price, how much is your down payment? $60,000 3.) Assuming you finance the other 80%, how much will you need to finance? $240,000 4.) Find your monthly house payment. Research possible loans through an online financial resource (.e. Bankrate.com, Lendingtree.com, etc.) Length of loan-choose a 15 year fixed mortgage Rate for loan: Company offering this rate? Monthly house payment 5.) What is the total amount of interest that you would pay for this loan? 6.) If your housing costs should be approximately 25% of your monthly income, how much will your mon income need to be in order to afford this house? 7.) Create an Amortization Schedule for the loan and attach it with the project. 8.) Create an Amortization Schedule for the loan but with 360 payments. How much interest will you pays? 9.) What are the advantages of each loan approach