Question: Can you please help me get started on this question? I am unsure of how to do it honestly. Thank you in advance! Assume you

Can you please help me get started on this question? I am unsure of how to do it honestly. Thank you in advance!

  1. Assume you are purchasing a home for $150,000.00.
    1. What are the current 15, 20, and 30-year rates?
    2. What does a P & I payment look like 80% financing for the terms discovered above?
    3. What is the total interest repaid on all of the terms above?
    4. What are the terms of a Variable Rate Mortgage?
    5. What does the P & I payment look like?
    6. What are the costs of the mortgage
      1. Bank Fee
      2. Appraisal Fee
      3. Title insurance
      4. Mortgage Insurance

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