G H D 4. You have recently purchased a home and taken out a $300,000 twenty-five (25) year mortgage with an annual nominal or stated interest rate equal to 3.00%. What is your monthly mortgage payment on this mortgage? How much of your first monthly payment is interest expense and how much of your second monthly payment is principal paydown? 20-year Mortgage Amount Mortgage Period - Years Annual Interest Rate Compounding periods (per year) $300,000 25 3.00% 12 Monthly Mortgage Payment = 5. You have recently purchased a home and taken out a $300,000 twenty-five (25) year mortgage with an annual nominal or stated interest rate equal to 3.00%. How much of your third (3rd) monthly payment is interest expense? Third Monthly Interest Payment = 6. You have recently purchased a home and taken out a $300,000 twenty-five (25) year mortgage with an annual nominal or stated interest rate equal to 3.00%. How much of your fifth (5th) monthly payment is principal paydown? Fifth Monthly Principal Payment =