13. Suppose you want a mortgage for $230,000 for 30 years, monthly payments but you cannot currently afford the contract rate of 6%. The seller offers to buy down your rate to 4% the first year and 5% the second year. What are the payments for the first three years if you do this? 14. To buy your dream home you need a mortgage for $150,000. The current market rate on thirty year, fixed-rate mortgages is 8 percent. This produces a monthly payment of $1053.09. which you cannot afford. The seller offers to buy down the interest rate to 4percent, 5 percent, and 6 percent, respectively, for the first three years. To accomplish this, what amount must the seller pay up front? 13. Suppose you want a mortgage for $230,000 for 30 years, monthly payments but you cannot currently afford the contract rate of 6%. The seller offers to buy down your rate to 4% the first year and 5% the second year. What are the payments for the first three years if you do this? 14. To buy your dream home you need a mortgage for $150,000. The current market rate on thirty year, fixed-rate mortgages is 8 percent. This produces a monthly payment of $1053.09. which you cannot afford. The seller offers to buy down the interest rate to 4percent, 5 percent, and 6 percent, respectively, for the first three years. To accomplish this, what amount must the seller pay up front