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1. Assume you purchase a $225,000 home. What would your monthly payment be with a 4% annual rate on a 30 year mortgage with a

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1. Assume you purchase a $225,000 home. What would your monthly payment be with a 4% annual rate on a 30 year mortgage with a 15% down payment? 2. If you can afford an $1150 per month mortgage, how much house can you afford with a 5% annual rate on 30 year mortgage with a 20% down payment? 3. What is the total amount you will pay for your home in each of the previous problems

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