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(Sample) Loan Project: Buying a House in Purcellville, Virginia Submitted by Suzanne Sands Purpose: To analyze the financial implications of purchasing a house. Task (1): House Description: I decided to choose a house in my hometown. This house is typical of homes in the new developments around town. I have no interest in moving, though —I am happy in my own house, which was built in the 1970s and does not look like this house at all!) Asking price: $439,000 Real estate taxes: $4,836 (found in the http://www.loudoun.

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(Sample) Loan Project: Buying a House in Purcellville, Virginia Submitted by Suzanne Sands Purpose: To analyze the financial implications of purchasing a house. Task (1): House Description: I decided to choose a house in my hometown. This house is typical of homes in the new developments around town. I have no interest in moving, though —I am happy in my own house, which was built in the 1970s and does not look like this house at all!) Asking price: $439,000 Real estate taxes: $4,836 (found in the http://www.loudoun.gov property database) Purchase Price: $388,400 (I chose this value because it was the assessed value at the time this project was prepared, according to the county property database) Current market interest rate (30 yr fixed rate): 4.625% through AimLoan.com (found at http://www.bankrate.com, by doing a search for my zipcode) [NOTE: This sample project was completed quite some time ago, so interest rates, taxes, and purchase prices could be quite different now.]

Posted on: January 10, 2019, by :

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