Let's make this material personal for you. Suppose you are going to buy a house using a loan $($called a mortgage$).$ Please enter your own choices for the next three questions.

How much money are you willing to borrow?

$

$2000$

$($do not enter a dollar sign or commas in this answer box$)$

What interest rate do you think you will qualify for?

$4$

$\%($do not enter a percent sign in this answer box$)$

How long a term would you like for your mortgage to be$?$

$5$

years

If you are able to finance a house with the above mortgage amount, interest rate, and term then what would your monthly mortgage payment be$?$

My mortgage payment would be

a month