The document discusses Neema Y. Smith's consideration of purchasing a condo for $250,000 with a $42,000 down payment. Some key details include: - Neema is looking for a small, open condo in the city with large windows and interesting architectural features. - The condo has 2 bedrooms and 2 bathrooms and is 1,000-1,300 square feet. - With a 7% interest rate on the loan and making monthly payments of $1,691 over 25 years, the total paid including interest will be $246,504.47. - As a graphic designer making $75,000 per year, Neema calculates their debt-to-