1. Find a suitable home for you and your family on a real estate website (Zillow, Trulia etc.) and provide me with a link. Round the home price to the nearest thousand dollars. Assume an interest rate of 3% and select a length of a mortgage (typically 15 or 30 years). Use this information to answer the following:
   1. What is the monthly payment?
   2. If you are 5 years into the mortgage, what is the remaining balance (show your work)?
   3. What happens to the monthly payment if you get an interest rate that is 1 percentage point higher (i.e. 3%4%)?