list prices and mortgage information
description
You would like to purchase a home in Fort Collins, Colorado, Ideally, it should be a single family home with at least 3 bedrooms and two bathrooms that costs between $200,000 and $350,000 and finance it with a 30-year mortgage. You can afford a down payment that is 20% the cost of the home. Before you purchase the home, you would like to find the homes available in your price range, find a mortgate and determine the amount of your monthly payment. Find a website to help you with the following tasks:
1) Find three homes in Fort Collins, Colorado that meet your specifications (let me know the website you used).
2) Find a mortgage for 80% of the list price for each of the three homes. Compare rates from at least three sites (use Google search engine to find these sites and be sure to list the sites used).
3) After selecting a mortgage, calculate your closing costs and the monthly payment for each of the three homes. Use Google searches to find this information.
When you are done, evaluate the process you went through. For example, assess the ease of use of each site and your ability to find the list prices and mortgage information, accuracy of information found, and the breadth of the choice for the homes and mortgages.
Now summarize the mortgage, closing cost and monthly payment for each of the three homes.
