Project: (due at the end of Unit 6)
Part I: Select a piece of real estate (residential, commercial, warehouse, land), any number of resources can be used (www.realtor.com is one option). You will need to include a listing sheet/link with your submitted assignment.
Part II: Determine a down payment. (a standard down payment is 20%, however you may offer justification for any amount/percent you choose)
Part III: Research 2 different financing options
Part IV: Use Excel (or other approved spread sheet) to create a complete amortization schedule for the lif of both financing options.
Part V: Write an analysis that compares and contrasts the two financing options in detail. Be specific. Include justifications for selecting an option.
Project Scoring Rubric:
|A real estate listing sheet||_____ / 5|
|A description, explanation, or calculation of the down payment for the property||_____ / 5|
|A description of the two financing options/products being compared||_____ / 5|
|A “hand-made” Excel spread sheet containing side by side amortization schedules||_____ / 15|
|Written analysis (20 points total)|
|– Explanation of any background information and/or further description of loan types selected||_____ / 5|
|– Analysis of the similarities and differences in the amortization schedules||_____ / 5|
|– Justification for selection of either option||_____ / 5|
|– Use of proper grammar, spelling, sentence structure and paragraph structure||_____ / 5|
|TOTAL||_____ / 50|