BRYCE: \ Has a high paying job and has determined he could afford up to $2700 per month.\ Wants a sweet home to reward all his hard work; his dream home costs $550,000.\ Has been sloppy in the past with his bill pay, leading to a credit score of 670, so the best rate he can get is 4.26% for 30 years fixed.\ Is willing to contribute $75,000 to his down payment.\ \ 1. How much, per month, is Bryce short on the mortgage payments for his dream home?\ Bryce is short $67 dollars on his monthly payment\ 2. How much would Bryces down payment need to be if he wanted to get his monthly payments down to $2,500 or slightly under?\ For Bryce to get his down payment to under $2,500 would need his down payment to be $130,000\ a. Using this strategy, how much total interest would he pay over the course of the loan?\ \ 3. Unfortunately, Bryce doesnt have enough money to allocate towards such a huge down payment, so he decides to put in his original $75,000 down payment. Besides, Bryce is worried his credit score is a bigger problem, so he asks the bank how improving his score would impact his loan application. They provide this chart: