$1.$ According to Zillow, the median home price in New Jersey last year was approximately

$$450,000.$ To qualify for the best mortgage rates, you will need to make a $20\%$ down

payment. How much will you need to have saved to buy a $$450,000$ house in New

Jersey?

$2.$ The current interest rate for a $30-$year mortgage is $6\mathrm{.}25\%.$ Assuming you put $20\%$ down,

how much will you pay per month for a $30-$year mortgage?

$3.$ How much will you pay in interest over the life of the loan?