In this assignment, you will compare and contrast financing options. When financing a home, it is important to understand your options. Each option comes with pros and cons, some of them are short-term and some of them are long-term. The purpose of this assignment is to demonstrate your ability to understand a variety of financing options and develop amortization schedules and then use a series of subjective and objective criteria to analyze the short-term and long-term pros and cons to justify a decision. Instructions: 1. Choose a piece of real estate (residential, commercial, warehouse, land) using a resource such as realtor.com, zillow.com, etc. Provide the listing sheet or link. 2. Determine a down payment percentage. A standard down payment is 20%. You may choose another percentage. a. Provide a justification for the down payment percentage you choose. 3. Research two different financing options. For example, 15-year. fixed, 30-year. Fixed, 5-1 ARM, VA loan, etc. a. Use Excel, or another approved spreadsheet, and create a complete amortization schedule for the life of both financing options. 4. Compare and contrast the two financing options. a. Explain any background information and/or further description of loan types selected. 5. Identify the financing option you would choose. a. Provide a justification for your financing option selection.