Please use the following link to make the calculations in the instructions below:

http://www.realtor.com/realestateandhomes-detail/1605-Upper-Spring-Bay-Rd_Metamora_IL_61548_M86106-61401

Please make sure you calculate the figures as described below.

1. Find an ad for a house online priced $100,000 $250,000, 2. Find out what closing costs are and what they typically include. what it covers and write what you find. 4. Find out what PMI is and also what points are for home loans 5. Find an amortization calculator online: Assume your loan is for $85,000 (the rest is your down payment do not include the closing costs) - Use the $85,000 to find your monthly payment and total interest for a 15-year loan with interest rate 4% and 30-year loan with interest rate 4.5% an extra $100 towards your principal each month (H: I is a prepayment on principal). 6. Calculate your approximate property taxes the following way: find 6% of 113 of the original list price of your house