A 22-year old college graduate just got a job in Nashville. She is considering buying a house with a

$230,000 mortgage. The APR is 4% compounded monthly for her monthly mortgage payments on a 27-year

fixed rate loan. If she can get her FICO score up to 750, the APR drops to 3.6%.

How much in interest cost will she save over the life of the loan assuming she can increase her FICO score to 750?

Monthly payments on the 4% loan will be

(Round to the nearest dollar.)

Monthly payments on the 3.6% loan will be

(Round to the nearest dollar.)

The total interest saved over 30 years will be

(Round to the nearest dollar.)