You would like to purchase a home in Fort Collins, Colorado. I
Ideally, it should be a single family house with at least 3 bedrooms and two bathrooms that costs between $200,000 and $350,000 and finance it with a 30-year fixed rate mortgage. You can afford a down payment that is 20% of the value of the house. Before you purchase a house, you would like to find out what homes are available in your price range, find a mortgage, and determine the amount of your monthly payment. Find a website to help you with the following tasks:1) Locate three homes in Fort Collins, Colorado that meet your specifications (tell me what site you used)2) Find a mortgage for 80% of the list price of each of the three homes. Compare rates from at least three sites (use search engine Google to find these sites and list the sites you used for the comparisons)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 whole process. For example, assess the ease of the use of the site and your ability to find information about homes and mortgages, the accuracy of the information you found, and the breadth of the choice of homes and mortgages.
Now, summarize the mortgage, closing cost and monthly payment for the three homes.
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