# Math Payment Project Rani Hasalia

This house costs \$4,950,000. It is a 3 story house with a basement included and had 12,482 square feet. It is on a lake and has a big pool. This house includes 6 full bathrooms, 2 half bathrooms, and 5 bedrooms.

http://realestate.lakerealty.com/cmls/1391/index.c...

"Lake Realty Lake Norman Real Estate." Lake Realty Lake Norman Real Estate. N.p., n.d. Web. 07 May 2015. <http://realestate.lakerealty.com/cmls/1391/index.cfm?city=cornelius&priceLow=750000&priceHigh=25000000&QuickSearch=Yes>.

1. The second mortgage structure would be the least expensive because it costs \$26080.57. The first structure costs \$28495.71 and the third one costs \$38072.79, which is comparatively higher than the other two.

2. The least expensive mortgage in terms of the amount payed in interest would be Structure 3 because it is \$2,893,101.66. Structure 1 is \$4,588,713.60 and Structure 2 is \$5,429,003.40.

3. The least expensive mortgage structure over the life of the loan would be Structure 3 because it is \$6,853,101.66. Structure 1 is \$8,548,713.60 and structure 2 is \$9,389,003.40, which is noticeably higher than both of the other two.