MTH108 Home Project - Part IV
: Melissa Fabian
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could be deducted for shortcomings in sentence structure and mechanics for written responses.
Part IV: Comparing the Different Mortgages (35 pts)
In Home Project, Part 3, you calculated mortgage payments for four different loan options.
part of the project will compare the total costs of the different mortgages over the life of the loan.
Please provide the following information from the previous parts of the Home Project:
Purchase price of home from Part 2:$189,900.00
Interest rate for 30-year fixed mortgage from Part 3: 3.784%
Interest rate for 15-year fixed mortgage from Part 3: 4.216%
For each of the four different mortgages, determine after the loan is paid off, how much you