Can you please define at the end what Interest rate is , month principal and Interest , Total Monthly payment , and Total Cost of Home

The final problem. You are purchasing a home for $300,000 in the greater Boston area. You need to find a mortgage. The mortgage rate will vary with the amount you put down and the length of the loan. Also, if you put down less than 20% you will have to pay Private Mortgage Insurance (PMI). Find 4 mortgages, one with 5% down and a 15 year payoff (if you can), 5% down with a 30year payoff, and do the same with 20% down and fill out the accompanying chart. Term 15 Year (5% 30 Year (5% 15 Year (20% 30 Year (20% down) down) down) down) Amount $285,000 $285,000 $240,000 $240,000 Financed Interest Rate Monthly Principal and Interest PMI $237.50 $237.50 0 0 Total Monthly Payment Total Cost of Home