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Unit 3 : Lesson
1: What you should know about mortgage loans
Thinking through writing 
Use the worksheet below to fill in your
own Down Payment Calculator Worksheet. Do you have enough
assets to cover the expenses of buying and moving into a
new house? On the lines below, make a list of three or more
things you might do to improve your finances.
Your Down Payment Calculator Worksheet
| Assets Available
for Down Payment |
| 1. Savings Account
|
$ ___________ |
| 2. Checking Account |
$ ___________ |
| 3. Money from sale
of Current Home |
$ ___________
|
| 4. Gift from Relative |
$ ___________ |
5. Other Assets That
Can
Be Sold to Obtain Funds |
|
| |
$ ___________ |
| |
$ ___________ |
Total
Assets Available
(add lines 1-5) |
$
___________ |
| Upcoming New Home
Expenses |
| 1. Moving Expenses |
$ ___________ |
| 2. New Home Repairs |
$ ___________ |
| 3. Major Appliance
Purchases |
$ ___________
|
4. Estimated Cost
of Closing
at Settlement (usually 3%-6%
of loan amount) |
$ ___________ |
Total Upcoming
New Home Expenses
(add lines 1-4) |
$
___________ |
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