CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30-year fixed rate mortgages to 4.03%. Dennis Natali wants to purchase a vacation home for $500,000 with 20% down. Calculate his monthly payment for a 22-year mortgage at 5.5%. Calculate total interest. (Use Table 15.1.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Monthly payment Total interest TABLE 15-1 Amortization table (mortgage principal and interest per $1,000) INTEREST Term in years 31% 5% 5-1% 6% 7% 71% 8% 81% 9% 91% 10% 101% 11% 10 9.89 10.61 10.86 11.11 11.36 11.62 11.88 12.14 12.40 12.94 13.22 13.50 13.78 12.67 11.39 12 8.52 9.25 9.51 9.76 10.02 10.29 10.56 10.83 11.11 11.67 11.96 12.25 12.54 15 7.15 7.91 8.44 8.72 8.99 9.28 9.56 9.85 10.45 10.75 11.06 10.15 9.59 11.37 10.86 17 6.52 7.84 8.40 8.69 8.99 9.29 9.90 10.22 10.54 7.29 6.60 8.18 1.56 6.88 6.51 8.12 7.46 20 5.80 7.17 7.76 8.06 8.37 8.68 9.00 9.33 9.66 9.99 10.33 22 6.20 6.82 7.13 7.44 7.75 8.07 8.39 8.72 9.39 9.73 10.08 5.44 5.01 9.05 8.74 25 5.85 6.15 6.45 6.76 7.07 7.39 7.72 8.06 8.40 9.09 9.45 9.81 30 5.37 5.68 6.00 6.33 6.66 7.00 7.34 7.69 8.05 8.41 8.78 9.15 9.53 4.50 3.99 35 5.05 5.38 5.71 6.05 6.39 6.75 7.11 7.47 7.84 8.22 8.60 8.99 9.37