(6) Assume you will be paying 10% down on the cost of the house and will take out a mortgage for the remaining amount. The house you are buying is $149,900. a) Find the monthly payment for the two fixed rate mortgages based on the quoted rates from your financial institution. Since these rates change daily, use the first set of numbers that you obtain when doing your research. b) Find the total amount of interest you will pay over the life of each mortgage Most financial institutions have online calculators to do this part quickly, you can also calculate the amounts using the formulas developed in class.