3. A house was purchased for $175,000. After putting 15% down, the rest was financed using a 30 year mortgage at 7.05%. a) Find the amount to be financed. b) Find the monthly payment. c) Complete the amortization table for the first 2 payments. d) Suppose that after 14.5 years the homeowner decides to pay off the balance of the loan. Find the payoff amount. c) If the house is appraised at $270,000 at the time of payoff, how much equity would the homeowner have in the house