Research a real estate property using 2 different finaning options
Question Description
PROJECT
Project: (due at the end of Unit 6)
Part I: Select a piece of real estate (residential, commercial, warehouse, land), any number of resources can be used (www.realtor.com is one option). You will need to include a listing sheet/link with your submitted assignment.
Part II: Determine a down payment. (a standard down payment is 20%, however you may offer justification for any amount/percent you choose)
Part III: Research 2 different financing options
Part IV: Use Excel (or other approved spread sheet) to create a complete amortization schedule for the lif of both financing options.
Part V: Write an analysis that compares and contrasts the two financing options in detail. Be specific. Include justifications for selecting an option.
Project Scoring Rubric:
| Project Contents | Points |
| A real estate listing sheet | _____ / 5 |
| A description, explanation, or calculation of the down payment for the property | _____ / 5 |
| A description of the two financing options/products being compared | _____ / 5 |
| A "hand-made" Excel spread sheet containing side by side amortization schedules | _____ / 15 |
| Written analysis (20 points total) | |
| - Explanation of any background information and/or further description of loan types selected | _____ / 5 |
| - Analysis of the similarities and differences in the amortization schedules | _____ / 5 |
| - Justification for selection of either option | _____ / 5 |
| - Use of proper grammar, spelling, sentence structure and paragraph structure | _____ / 5 |
| TOTAL | _____ / 50 |
Tutor Answer
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