value of the house 879,000

(A) House-Shopping (1 point) Go through the online housing ads for the Seattle area or for the area in which you live. Choose an ad for a house for sale that you would like to live in. Your ad must include a price. Provide a link to the ad. State the price of the house. (8) Mortgage. [4 points) Assume you are wealthy and credit-worthy enough to buy the house you've chosen in part (0) You will put 10% down, and get a mortgage for the rest Choose a bank of credit union, then look up their rate for a 30- year, fixed rate mortgage. Provide a link to the website showing the mortgage Interest rate. State the interest rate Use your numbers and the formulas from the textbook and your scientific calculator to calculate the payment for the total principal-and-interest each month under the mortgage You only need the total principal-and-interest monthly payment you do not need to show how much of each monthly payment is principal and how much is interest. (C) Mortgage, real life. 15 points) Because you're putting down less than 20%, you will have to pay Private Mortgage Insurance (PMI) each month. This will cost an additional 10% of the principal and interest payment each month. You will also have to pay a monthly amount to an escrow account, which will cover your home insurance and your property taxes. Assume that the home insurance is $1.200 per year, and the property taxes are 1.78% of the value of your house per year (Use the price of your house as its value) Calculate your total monthly mortgage payment, including the costs described above (A) House-Shopping (1 point) Go through the online housing ads for the Seattle area or for the area in which you live. Choose an ad for a house for sale that you would like to live in. Your ad must include a price. Provide a link to the ad. State the price of the house. (8) Mortgage. [4 points) Assume you are wealthy and credit-worthy enough to buy the house you've chosen in part (0) You will put 10% down, and get a mortgage for the rest Choose a bank of credit union, then look up their rate for a 30- year, fixed rate mortgage. Provide a link to the website showing the mortgage Interest rate. State the interest rate Use your numbers and the formulas from the textbook and your scientific calculator to calculate the payment for the total principal-and-interest each month under the mortgage You only need the total principal-and-interest monthly payment you do not need to show how much of each monthly payment is principal and how much is interest. (C) Mortgage, real life. 15 points) Because you're putting down less than 20%, you will have to pay Private Mortgage Insurance (PMI) each month. This will cost an additional 10% of the principal and interest payment each month. You will also have to pay a monthly amount to an escrow account, which will cover your home insurance and your property taxes. Assume that the home insurance is $1.200 per year, and the property taxes are 1.78% of the value of your house per year (Use the price of your house as its value) Calculate your total monthly mortgage payment, including the costs described above