If you bought a home for $$300,000$ at a fixed $6\%$ APR and put a down payment of $$30,000$ down, what would your monthly payment be for a $30-$year mortgage and a $15-$year mortgage? Excel is recommended for the calculations in this discussion.

Without taking into account inflation, what is the total amount of interest paid on the $30-$year and $15-$year mortgages?

Consider the $15-$year mortgage for this question: You made an amazing recommendation that saved your company a lot of money and they rewarded you with a $$5,000$ bonus. You applied this bonus money to the ${60}^{th}$ payment of your mortgage $($you also paid your monthly payment$).$ How many payments will this shorten the length of your mortgage and how much will you save in interest?

Consider the $15-$year mortgage for this question: You have found a way to save and apply an extra payment of $$100$ to each monthly payment throughout the duration of the loan. How many payments will this shorten the length of your mortgage and how much will you save in interest?

Consider what you have learned from these calculations, the scriptures' view of money, and how to wisely use the resources God has given you.