Jenna paid $395,000 for her new home and made a down payment of $25,000. She financed the rest with a 30-year mortgage with an interest rate of 2.7% compounded monthly.

a) What will Jenna's monthly payment be?

b) How much money will Jenna pay in interest for the entire term of the mortgage?

For the next question, type in the correct word exactly as written:

more

less

same

c) If Jenna had decided on a 15-year mortgage instead of the 30-year mortgage her total payments would have been _____and the total amount of interest she paid would have been _____.