13.4 The Costs and Advantages of Home Ownership 32. Find the monthly payment required for the home loan deschico below. The purchase price of a home is $218,000. The down payment is 20%. Interest is at 8.5% fixed for a term of 30 years. Annual taxes are $1.500 and annual insurance is $750. 33. Complete the first 2 months of the Amortization schedule fora fixed rate mortgage of $87,000, with an 8.5% interest rate, and a monthly payment of S755.01. Balance Payment Interest Pumt. On Principal