PLEASE HELP!!! 100 points if answered correctly!!!! short answers will get reported.
1. Stephanie has a 30 year fixed mortgage for $300,000 at 3.9% interst with no PMI. Stephanie has made 38 payments. Stephanie is trying to determine, mathematically if she should save the money and make payments until she has enough saved to pay off the mortgage or make extra principle payments. Create an analysis of her mortgage payments with various additional principal payments involving exponential functions using tables, graphs, or algebraic methods. You must show the math used and explain it. You must include a table or a graph.
2. Ramon is ready to buy a house in San Antonio, Texas and is looking at which type of mortgage is best for him. The house is $250,000 and Ramon and $52,000 in total savings. Create an amortization table using technology to collect and organize data to help him make a decision about varying the down payment, period of loan, special principal payment, and interest rate for a home loan. Create a table for three different scenarios. Then write an explanation of the comparison and choose one plan, explaining why, based on the data. Then make a comparison to renting and what is the cost difference in buying versus renting. Research the cost of rent for a home that is comparable to a home costing $250,000 in San Antonio to make your comparison.
3. List options for saving for a down payment on a home. Be very specific in making recommendations for Roger based on the research. Roger has just finished trade school and has started as an apprentice to become an electrician. He is making $35 an hour and is single. Include a detailed budget to back up your recommendation.
4. Maria is determining how much money she can spend on a house. She is looking at a home in McKinney, Texas that costs $325,000. She uses the mortgage calculator to determine the mortgage payment, but needs to do her research to find the added costs. Do the research for Maria and explain how you found each of the following: determine costs associated with home ownership, including property taxes; mortgage insurance; homeowner's insurance, including property damage, liability, and flood and earthquake insurances; and closing costs as well as cost of maintenance, repairs, utilities, and association fees.
5. Analyze and explain Stephanie's mortgage tax deductions in #1.
6. Assume Stephanie (in number 1) is in a car accident and unable to work for 6 months. How much money does she need in savings to cover her mortgage and all home ownership costs? Explain and show your work.
7. Use either this multiple listing website to research homes in your town that are for sale between $250,000 and $500,000. Choose 2 different homes and compare their properties, including, price, amenities, land, size, interior and exterior features. Explain the ways they are similar and how they are different. Include the links to the two homes.
(this next one i could do on my own but it would be nice to see some examples)
8. Do research in your local community for renting a two bedroom apartment. Explain a typical apartment lease such as terms, deposit, occupancy, parking, and cancellation contract policy.