Calculate the monthly payments of a $30-$year fixed$-$rate mortgage at $7\mathrm{.}00$ percent for $$125,500.$ How much interest is paid over the life of the loan?

Note: Round intermediate computations to at least five $(5)$ decimal places.

Click on the table icon to view the Monthly Installment Loan Payment Factor $($MILPF$)$ table: $.$

The monthly payments of a $30-$year fixed$-$rate mortgage at $7\mathrm{.}00\%$ for $$125,500$ is $

$($Round to the nearest cent.$)$