MTH108 Home Project - Part IV
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Use Times New Roman, 12-point font and double space.
Cite any resource
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for a guide to cite resources in APA. Attach any
additional paperwork to the back of your project.
Please note: up to 10% of the total points
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:____$74,900___________
Interest rate for 30-year fixed mortgage from Part 3:__ 3.681_______
Interest rate for 15-year fixed mortgage from Part 3:___2.973______