find a

and b, increasing the down payment by 21,000 saved ___ on interest over the life of the loan. round to the nearest cent please

Increasing the down payment on a mortgage reduces both the stee of the monthly payments and the total interest paid Calculate the reduction in the month payment by increasing the downsament by the amount specified, and (b) the amount saved on interest over the life of the loan Assume the mortgage is for 20 years and use the motion table to find the monthly payments Increase in Amount of Loan Interest Rate Down Payment Down payment 5238.000 BN $56,000 $21.000 Click the icon to view a table of montly payments on a $1,000 loan a. The monthly payment will be reduced by $when the down payment is increased by $21.000 (Round to the nearest cent as needed) o