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FINANCIAL RESEARCH-REAL ESTATE- HOUSE PURCHASE “MORTGAGE” HYPERLINK "" ALL ANSWERS ON THIS WORKSHEET & SAVE AS REAL ESTATE RESEARCH.REAL ESTATE (HOUSE)- A MORTGAGE LOAN IS A LOAN ON A HOUSE- MONTLY PAYMENT INCLUDES: Principle + Interest + Taxes + Insurance.RESEARCH 2 HOUSES: 1 in Allen area , 2 find your dream home (maybe in another state)- unlimited amount.HOUSE #1- Allen or Collin County area online that you would be interested in purchasing. This will be your first house to purchase by yourself and your price can be 100k to 500k. Answer the following questions based on your research. HOUSE #1 (Allen area) Location (Address)__________________________________________________ Listed Price of the House $______________________Square Footage Amount___________________ One story/Two story__________________________How many Bedrooms___________ Bathrooms__________ Living Areas__________ Garage________Describe other features about the house (pool, media room, etc)_______________________________________________________________________________________________________________________________________________________________________________________________________ FINANCING: - Once you have selected a house, scroll down on the page until you get to the . MORTAGAGE CALCULATOR :The website defaults to putting 20% down (cash). Change this to zero and change tax rate to 3%. Complete the following information (Interest rate of 4% for 30 years).ESTIMATED MONTLY PAYMENT:________________________PRINCIPLE (Loan amount) & INTEREST (finance % to borrow $)______________________HOMEOWNERS INSURANCE:___________________________PROPERTY TAXES (change to 3%)_______________________HOUSE #2 (Dream home) Location (Address)________________________________________________ Sub-division/Community_______________________________________________________________Listed Price of the House $______________________Square Footage Amount___________________ One story/Two story__________________________How many Bedrooms___________ Bathrooms__________ Living Areas__________ Garage________Describe other features about the house (pool, media room, etc)_______________________________________________________________________________________________________________________________________________________________________________________________________FINANCING: - Once you have selected a house, scroll down on the page until you get to the . MORTAGAGE CALCULATOR :The website defaults to putting 20% down (cash). Change this to zero and change tax rate to 3%. Complete the following information (Interest rate of 4% for 30 years).ESTIMATED MONTLY PAYMENT:________________________PRINCIPLE (Loan amount) & INTEREST (finance % to borrow $)______________________HOMEOWNERS INSURANCE:___________________________PROPERTY TAXES (change to 3%)_______________________ ................
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