8. You are applying for a mortgage loan at 5.75% over 30 years with monthly payments. The home you are considering is at a price of $329,000. Lenders are offering 80% loan to value mortgages to you. What will be your monthly mortgage payment for principal and interest?

10. How long will it take you to pay off 75% of the loan ? a. About 20.3 years b. About 302 months c. 270 months d. About 312 months

13. What if you paid an extra $75 each month. How long would it take to pay off the loan in full ? a. 268 months

b. About 26 and years c. 309 months d. About 284 months