Home value: $350,000 Mortgage amount: $300,000 Interest rate: 5.25% Term: 30 years Start Date: 08/01/2020 One-time expenses: 4% Property tax: 3% Home insurance: $1,850/year HOA Fees: $125.00/month 

Question 1: What is monthly payment?____________________ 

Question 2: What is total of all payments?_________________ 

Question 3: What is estimated payoff date?_______________ 

Info 2: Use the info below, but change the interest rate to 3.25% 

Question 4: What is monthly payment?____________________ 

Question 5: What is total of all payments?_________________ 

Question 6: What is estimated payoff date?_______________