20 21 mortgage? 22 Listed Price 23 Fixed Rate Mortgage 24 Years 25 Down Payment 26 PMI 27 28 29 30 31 32 33 34 Q2: What if you can only make a smaller down payment, what would the first monthly payment be for the 30-year 35 36 37 38 39 40 Compounding Periods PV RATE NPER PMT FV Type You make the down payment and take out the loan described, what will be the monthly payment? What will be the total cost of the house? What is the PMI? What is the Monthly PMI? What is the total first payment? Inputs $275,000 4.25% 30 10.00% 1.00%

\begin{tabular}{|c|c|} \hline \begin{tabular}{l} Q2: What if you can only make a smaller down payment, \\ what would the first monthly payment be for the 30 -year \\ mortgage? \end{tabular} & Inputs \\ \hline Listed Price & $275,000 \\ \hline Fixed Rate Mortgage & 4.25% \\ \hline Years & 30 \\ \hline Down Payment & 10.00% \\ \hline PMI & 1.00% \\ \hline Compounding & \\ \hline Periods & \\ \hline PV & \\ \hline RATE & \\ \hline NPER & \\ \hline PMT & \\ \hline FV & \\ \hline Type & \\ \hline \begin{tabular}{l} You make the down payment and take out the loan \\ described, what will be the monthly payment? \end{tabular} & \\ \hline What will be the total cost of the house? & \\ \hline What is the PMI? & \\ \hline What is the Monthly PMI? & \\ \hline What is the total first payment? & \\ \hline \end{tabular}