Down Payment and Loan Payments. Lucas wants to buy a used car that will cost $5,600. How much will his monthly payment be if he puts $2,100down and finances the remainder at 4% for two years? His monthly payment will be $___? (Round to the nearest cent.) Credit Limit. Mary and Marty are interested in obtaining a home equity loan. They purchased their house five years ago for $120, 000, and it now has a market value of $146,258. Originally, Mary and Marty paid $24 comma 876 down on the house and took out a $ 95,124 mortgage. The current balance on their mortgage is $88,835. The bank uses 80% of equity in determining the credit limit. What will their credit limit be if the bank bases their credit limit on equity invested and will loan them 80% of the equity? If the bank bases their credit limit on equity invested and will loan them 80% of the equity, their credit limit will be $___? (Round to the nearest dollar.)