Now let's buy a house. Find a listing for a house that you might be interested in purchasing. You can use a local resowe a listing from the area/town you are originally from. Attach a copy of the listing as part of the The house is limited to a listing price of $600,000 or less. Use the information to complete the following 260990x. 2 1. What is the listed price of the house? 460,990. 2. Mortgage lenders will want at least 20% of the price as a down payment What is your down payment? 02.198. 3. What is the amount of money you need to finance to purchase the house 460990-92198 56 192 30 4. Find you monthly mortgage payment Research possible loans through an online financial resourcele. Bankrate.com, lendingtree.com...) Length of loan: an 30 Rate for loan: 1.5 % Monthly payment for loan: 1 6 6% 61 Use the formula from class to determine. Show your work for the calculation. years Amount of Interest you will pay on the loan over the life of the loan: If you housing costs should be no more than 33% of your monthly income, how much will your monthly income need to be to afford the house described: Create Amortization Schedule for the loan and attach one page of it with the project. $498.54 $1,868.61