Real Estate

Due Date: 11:59 pm EST Sunday of Unit 6
Points: 50

Overview:

In this assignment, you will compare and contrast financing options. When financing a
home, it is important to understand your options. Each option comes with pros and
cons, some of them are short-term and some of them are long-term. The purpose of this
assignment is to demonstrate your ability to understand a variety of financing options
and develop amortization schedules and then use a series of subjective and objective
criteria to analyze the short-term and long-term pros and cons to justify a decision.

Instructions:

1. Choose a piece of real estate (residential, commercial, warehouse, land) using a

resource such as realtor.com, zillow.com, etc. Provide the listing sheet or link.

2. Determine a down payment percentage. A standard down payment is 20%. You

may choose another percentage.

a. Provide a justification for the down payment percentage you choose.

3. Research two different financing options. For example, 15-year. fixed, 30-year.

Fixed, 5-1 ARM, VA loan, etc.

a. Use Excel, or another approved spreadsheet, and create a complete

amortization schedule for the life of both financing options.

4. Compare and contrast the two financing options.

a. Explain any background information and/or further description of loan

types selected.

5. Identify the financing option you would choose.

a. Provide a justification for your financing option selection.

Requirements:

 Numbers 1, 2, 4, 5 should be in a Word document. Number 3 should be an
Excel, or another approved spreadsheet. Upload both documents to the link in
the course.

 Professional communication is expected, which includes proper spelling and
grammar, and providing source information when using outside resources.

Be sure to read the criteria by which your work will be evaluated before you write
and again after you write.

MAT230 – Finite Analysis

Real Estate

Evaluation Rubric for Real Estate Assignment

CRITERIA
Deficient Needs

Improvement
Proficient

Exemplary

0-2 Points 5 Points

Real Estate
Listing Sheet

The real estate
listing sheet or
link is missing.

N/A N/A The real
estate listing
sheet or link
is provided.

0-4 Points 5-6 Points 7-8 Points 9 Points

Down Payment
Description

Description is
missing or
inadequate.

Down payment
option described
in detail; missing
at least one key
element.

Down
payment
option
described in
detail;
missing
minor
elements.

Down
payment
option
described in
detail.

Financing
Options

Options are
missing or
inadequate;
spreadsheet
missing.

Both projects
described in
detail;
spreadsheet;
missing at least
one key
element.

Both
financing
options
described in
detail;
spreadsheet
used;
missing
minor
elements.

Both
financing
options
described in
detail;
spreadsheet
used.

Amortization
Schedules

Amortization
schedule for the
life of both
financing options
are missing or
inadequate.

Amortization
schedule for the
life of one option
is provided.

N/A Amortization
schedule for
the life of
both
financing
options are
provided.

Financing
Options
Analysis

Analysis is
missing or
inadequate.

Analysis
provides insight
into similarities
and differences
of the two
financing
options; missing
at least one key
detail.

Analysis
provides
insight into
similarities
and
differences
of the two
financing
options;
missing

Analysis
provides
insight into
similarities
and
differences
of the two
financing
options.

minor
details.

Clear and
Professional
Writing

Errors impede
professional
presentation;
guidelines not
followed.

Significant errors
that do not
impede
professional
presentation.

Few errors
that do not
impede
professional
presentation.

Writing and
format are
clear,
professional,
and error-
free.