You are considering the purchase of a home and are comparing several alternatives to finance the property Detail for each alternative is listed below. Answer the related questions for each option Property Value $350,000.00 11) [2] [3] 14 151 171 2nd Mortgage 15-Year Fixed Rate 15 3.62596 2096 $3,000.00 19 NA FHA 30-Year Fixed 30 4.62516 596 $3,000.00 196 NA 5-1 ARM 30 3.50% 20% $4,500.00 196 5.125% 7-1 ARM 30 3.7596 2096 $4.500.00 1% 5.125% [6] 5-Year Interest Only with 30 5.0094 1094 $5,000.00 296 NA (on 1596 of value) 15 6259 596 $1.250.00 19 NA 30-Year Fixed Rate Term 30 Interest Rate 4.2596 Required Percent Down 2094 Closing Costs $3,000.00 Origination Points 19% ARM Rate after adjustment NA Amount Financed Monthly Payment Interest paid over life of loan APR Interest portion of 14th payment Balloon Payment (balance when ARM adjusts) NA New Payment (ARM) NA Increase if payment if rate increases 1.0% *All numbers entered into Canvas will be positive NA NA NA NA NA NA NA A You are considering the purchase of a home and are comparing several alternatives to finance the property Detail for each alternative is listed below. Answer the related questions for each option Property Value $350,000.00 11) [2] [3] 14 151 171 2nd Mortgage 15-Year Fixed Rate 15 3.62596 2096 $3,000.00 19 NA FHA 30-Year Fixed 30 4.62516 596 $3,000.00 196 NA 5-1 ARM 30 3.50% 20% $4,500.00 196 5.125% 7-1 ARM 30 3.7596 2096 $4.500.00 1% 5.125% [6] 5-Year Interest Only with 30 5.0094 1094 $5,000.00 296 NA (on 1596 of value) 15 6259 596 $1.250.00 19 NA 30-Year Fixed Rate Term 30 Interest Rate 4.2596 Required Percent Down 2094 Closing Costs $3,000.00 Origination Points 19% ARM Rate after adjustment NA Amount Financed Monthly Payment Interest paid over life of loan APR Interest portion of 14th payment Balloon Payment (balance when ARM adjusts) NA New Payment (ARM) NA Increase if payment if rate increases 1.0% *All numbers entered into Canvas will be positive NA NA NA NA NA NA NA A