8.7-8.8 Mortgages and Credit Cards 1. The purchase price for a home is $75000. The bank requires a 20% down payment for the mortgage. The bank also requires 3 points at closing. You will finance the home with a 30 year mortgage at an APR of 3.2%. Find the down payment amount of the mortgage, how much must be paid for the points, monthly payment, and total interest for the mortgage. Complete the amortization table for the first 3 months of the loan. Interest Payment Principal Payment Balance of Loan Payment # Payment 1 2 3 9:02 AM Sun Sep 20 15%