Throughout the last year home interest rates have drastically increased, causing new mortgage (home) loans payments to increase anywhere between $600 to $800 dollars. Unfortunately, you are a perspective home buyer trying to determine which home best suits your needs based on the lowest monthly mortgage payment.

Your goal is to create an application to allow a user to enter up to 5 different properties. For each property, the user will have to enter an address and cost. Once all the properties have been entered, the application should then prompt the user for the interest rate (between 3.5% and 7%) and the term of the mortgages (15, 25, or 30 years). Only one interest rate and mortgage length will be used throughout all mortgage calculations.

For each address, the application should calculate the monthly mortgage given the below formula.

Monthly Mortgage Formula

((Property Cost + (Property Cost X Interest Rate)) / (Months in Year X Mortgage Duration)

Finally, the application should print out a well-formatted report that includes each address, cost, and monthly mortgage. The report should also identify which property has the lowest monthly mortgage.

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