Based on the information about Tremaine, answer the questions below:

Wants a one bedroom townhouse in a trendy new development downtown; average cost is $145,000
Is preapproved for a 4.38% interest rate on a 30-year fixed mortgage
Has saved $15,000 for a down payment


What will Tremaine's monthly payment be?




How much total interest will he pay over the course of the mortgage?



If Tremaine waited until he had $30,000 saved for a down payment,
What his monthly payment be?




How much total interest will he pay over the course of the mortgage?




How much money did he save by paying an extra $15,000 upfront?