PROJECT Project: (due at the end of Unit 6)Part I: Select a piece of real estate (residential, commercial, ware

PROJECT
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 optionsPart 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:

Project Contents
Points

A real estate listing sheet
_____ / 5

A , explanation, or calculation of the down payment for the property
_____ / 5

A 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 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