1. You can afford to pay up to $2,500 in payments every month for housing and have $80,000 in savings (you dont anticipate and increase in income/savings). Which of the following mortgages would allow you to buy the most expensive property?

   		A 30 year fully amortizing FRM with 5.00% contract interest rate and 0.85 LTV.
   		A 25 year FRM with 2.50% contract interest rate and 0.9 LTV.
   		A 30 year FRM with 5.00% contract interest rate, 0.9 LTV and a balloon payment of $80,000 at the end of the 5th year
   		A 30 year mortgage with an interest-only period of 5 years at a fixed contract rate 3% and 0.95 LTV.