#13) Pick a house to purchase from the list below CLEARLY indicate which house you are planning to purchase by writing down the address or circling/highlighting your choice from the table.

House price: $485,000

Annual Taxes: $5,238

1. a) Assume 20% of the price of the house is paid as a down payment. What is the down payment amount? [2 points]

2. b) What is the amount that will need to be financed (the principle)? [2 points]

3. c) Assume you will take a 30 year mortgage at 4.02% APR. Calculate the monthly loan payment. Do not round your p value keep the entire decimal! [4 points]

4. d) What is the total amount repaid for the mortgage on the house? [2 points]

5. e) How much interest is paid on the loan for the house? [2 points]

6. f) Town taxes are usually paid with your mortgage payment every month (this amount is added on to your loan repayment and is part of your total monthly mortgage payment). The annual taxes are shown in the table below what additional amount will need to be paid every month for town taxes?