Below is a portion of an amortization table for a 30-year, \(\$ 228,320\) mortgage. Use that table to answer the following questions.

1. What is the interest rate?
2. How much are the payments?
3. How much of payment 235 goes to principal?
4. How much of payment 215 goes to interest?
5. What's the remaining balance on the mortgage after payment 227 ?
6. At what payment does the amount that is applied to mortgage finally exceed the amount applied to interest?

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Loan Amount Interst Rate (annual) Term (Years) Amortization Schedule Calculator $228,320.00 6.10% 30 Monthly Payment $1,383.61 Month Payment 213 31,583.01 Principal 3053.23 Interest 3730.32 Total Interest Balance $209,403.90 3143,013.01 214 $1,383.61 $656.61 $727.00 $210,130.96 $142,359.00 215 $1,383.61 $659.95 $723.66 $210,854.62 $141,699.05 216 $1,383.61 $663.30 $720.30 $211,574.92 $141,035.74 217 $1,383.61 $666.68 $716.93 $212,291.85 $140,369.07 218 $1,383.61 $670.06 $713.54 $213,005.39 $139,699.00 219 $1,383.61 $673.47 $710.14 $213,715.53 $139,025.53 220 $1,383.61 $676.89 $706.71 $214,422.24 $138,348.64 221 $1,383.61 $680.34 $703.27 $215,125.52 $137,668.30 222 $1,383.61 $683.79 $699.81 $215,825.33 $136,984.51 223 $1,383.61 $687.27 $696.34 $216,521.67 $136,297.24 224 $1,383.61 $690.76 $692.84 $217,214.51 $135,606.48 225 $1,383.61 $694.27 $689.33 $217,903.84 $134,912.20 226 $1,383.61 $697.80 $685.80 $218,589.65 $134,214.40 227 $1,383.61 $701.35 $682.26 $219,271.90 $133,513.05 228 $1,383.61 $704.92 $678.69 $219,950.60 $132,808.13 229 $1,383.61 $708.50 $675.11 $220,625.70 $132,099.63 230 $1,383.61 $712.10 $671.51 $221,297.21 $131,387.53 231 $1,383.61 $715.72 $667.89 $221,965.10 $130,671.81 232 $1,383.61 $719.36 $664.25 $222,629.35 $129,952.45 233 $1,383.61 $723.02 $660.59 $223,289.94 $129,229.44 234 $1,383.61 $726.69 $656.92 $223,946.85 $128,502.75 235 $1,383.61 $730.38 $653.22 $224,600.08 $127,772.36 236 $1,383.61 $734.10 $649.51 $225.249.59 $127,038.26 Amortization table