1. You want to purchase a $300,000 home with a 20% down payment. If you can get a 30 year loan with a 4.1% interest rate, what is your monthly payment?

2. You want to buy the same home with a 20% down payment but you get a 15 year loan with a 3.5% interest rate. How much less in interest will you pay over the life of the loan compared to the 30 year loan?