Question: Compare the current interest rates, costs, and features associated with a 15-year fixed rate mortgage, 30-year fixed rate mortgage, and an adjustable rate mortgage for
Compare the current interest rates, costs, and features associated with a 15-year fixed rate mortgage, 30-year fixed rate mortgage, and an adjustable rate mortgage for a home price of $150,000.
Please choose TWO Financial Institutions to research (For example, a Bank and Credit Union). After you have research this information please complete the following table below for each of the institution you selected:
| Company: | (1) Name | (2) Name |
| 15 Year Fixed rate, points, monthly payment |
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| 30 Year Fixed rate, points, monthly payment |
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| Adjustable rate monthly payment |
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| Initial rate |
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| Discount points |
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| Adjustment period |
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| Rate caps |
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| Margin |
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| Index |
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| Fees |
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| Loan application |
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| Property appraisal |
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| Survey |
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| Credit report |
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| Inspections |
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| Title search |
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| Title Insurance |
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| Document preparation |
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| Closing costs |
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*** I'm having trouble finding the information to fill out this chart. It's driving me crazy trying to find it online. Can anyone help me out with this? Thanks.
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