Financing Analysis

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Create a payment analysis. Show what the buyer can expect to pay monthly by showing various scenarios with different down payments. Below is a sample. 10% Down 30-yr fixed 10% Down 1-yr ARM 20% Down 30-yr fixed 20% Down 1-yr ARM Purchase Price $100,000 $100,000 $100,000 $100,000 Down payment $10,000 $10,000 $20,000 $20,000 Loan Amount $90,000 $90,000 $80,000 $80,000 Mthly Payment $660.39 $539.60 $587.01 $479.64 Using a sample rate of 8% for a 30-yr fixed and 6% for an ARM Gross monthly income Monthly debt payments (car, loans, etc.) Monthly taxes, property insurance, Private Mortgage Insurance (PMI) and Association Fees Interest rate - Use a 30-yr fixed rate and a 1-yr adjustable rate Length of mortgage (Years) - Use 30 years Down payment ($) - Use 10% and 20%