CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30 -year fixed-rate mortgages. Joe Sisneros wants to purchase a vacation home for $320,000 with 20% down. Calculate his monthly payment for a 30 -year mortgage at 6.0%. Calculate total interest. (Use Table 15.1.) Note: Round your intermediate calculations and final answers to the nearest cent. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline Rate & Only & 10 Year & 15 Year & 20 Year & 25 Year & 30 Year & 40 Year \\ \hline 2.000 & 0.16667 & 9.20135 & 6.43509 & 5.05883 & 4.23854 & 3.69619 & 3.02826 \\ \hline 2.125 & 0.17708 & 9.25743 & 6.49281 & 5.11825 & 4.29966 & 3.75902 & 3.09444 \\ \hline 2.250 & 0.18750 & 9.31374 & 6.55085 & 5.17808 & 4.36131 & 3.82246 & 3.16142 \\ \hline 2.375 & 0.19792 & 9.37026 & 6.60921 & 5.23834 & 4.42348 & 3.88653 & 3.22921 \\ \hline 2.500 & 0.20833 & 9.42699 & 6.66789 & 5.29903 & 4.48617 & 3.95121 & 3.29778 \\ \hline 2.625 & 0.21875 & 9.48394 & 6.72689 & 5.36014 & 4.54938 & 4.01651 & 3.36714 \\ \hline 2.750 & 0.22917 & 9.54110 & 6.78622 & 5.42166 & 4.61311 & 4.08241 & 3.43728 \\ \hline 2.875 & 0.23958 & 9.59848 & 6.84586 & 5.48361 & 4.67735 & 4.14892 & 3.50818 \\ \hline 3.000 & 0.25000 & 9.65607 & 6.90582 & 5.54598 & 4.74211 & 4.21604 & 3.57984 \\ \hline 3.125 & 0.26042 & 9.71388 & 6.96609 & 5.60876 & 4,80738 & 4.28375 & 3.65226 \\ \hline 3.250 & 0.27083 & 9.77190 & 7.02669 & 5.67196 & 4.87316 & 4.35206 & 3.72541 \\ \hline 3.375 & 0.28125 & 9.83014 & 7.08760 & 5.73557 & 4.93945 & 4,42096 & 3.79930 \\ \hline 3.500 & 0.29167 & 9.88859 & 7.14883 & 5.79960 & 5.00624 & 4.49045 & 3.87391 \\ \hline 3.625 & 0.30208 & 9.94725 & 7.21037 & 5.86404 & 5.07352 & 4.56051 & 3.94923 \\ \hline 3.750 & 0.31250 & 10.00612 & 7.27222 & 5.92888 & 5.14131 & 4.63116 & 4.02526 \\ \hline 3.875 & 0.32292 & 10.06521 & 7.33440 & 5.99414 & 5.20959 & 4.70237 & 4.10198 \\ \hline 4.000 & 0.33333 & 10.12451 & 7.39688 & 6.05980 & 5.27837 & 4.77415 & 4.17938 \\ \hline 4.125 & 0.34375 & 10.18403 & 7.45968 & 6.12587 & 5.34763 & 4.84650 & 4.25746 \\ \hline 4.250 & 0.35417 & 10.24375 & 7.52278 & 6.19234 & 5.41738 & 4.91940 & 4.33620 \\ \hline 4.375 & 0.36458 & 10.30369 & 7.58620 & 6.25922 & 5.48761 & 4.99285 & 4.41559 \\ \hline 4.500 & 0.37500 & 10.36384 & 7.64993 & 6.32649 & 5.55832 & 5.06685 & 4.49563 \\ \hline 4.625 . & 0.38542 & 10.42420 & 7.71397 & 6.39417 & 5.62951 & 5.14140 & 4.57629 \\ \hline 4.750 & 0.39583 & 10.48477 & 7.77832 & 6.46224 & 5,70117 & 5.21647 & 4.65758 \\ \hline 4.875 & 0.40625 & 10.54556 & 7.84297 & 6.53070 & 5.77330 & 5.29208 & 4.73947 \\ \hline 5.000 & 0.41667 & 10.60655 & 7.90794 & 6.59956 & 5.84590 & 5.36822 & 4.82197 \\ \hline 5.125 & 0.42708 & 10.66776 & 7.97320 & 6.66881 & 5.91896 & 5.44487 & 4.90505 \\ \hline 5.250 & 0.43750 & 10.72917 & 8.03878 & 6.73844 & 5.99248 & 5.52204 & 4.98870 \\ \hline 5.375 & 0.44792 & 10.79079 & 8.10465 & 6.80847 & 6.06645 & 5.59971 & 5.07293 \\ \hline 5.500 & 0.45833 & 10.85263 & 8.17083 & 6.87887 & 6.14087 & 5.67789 & 5.15770 \\ \hline 5.625 & 0.46875 & 10.91467 & 8.23732 & 6.94966 & 6.21575 & 5.75656 & 5.24302 \\ \hline 5.750 & 0.47917 & 10.97692 & 8.30410 & 7.02084 & 6.29106 & 5,83573 & 5,32888 \\ \hline 5.875 & 0.48958 & 11.03938 & 8.37118 & 7.09238 & 6,36682 & 5.91538 & 5.41525 \\ \hline \end{tabular}
