Madeoff's Mortgage Bemie Masoolt pays $230,000 for a new four bedroom 2.400-square-foot home outside Tonopah, Nevada. He plans to make a 20% down payment but is having trouble deciding whether he wants a 15 year faedah 6.404%) or a 30 year foredrale (6572) mong What is the monthly payment for both the 15 and 30 year more suming a famong loan or equal payments for these of the mortgage? b. Assume at instead of making a 20% down payment he makes a 10% down payment and finances the remainderat 71281 forced interest for 15 years. What is his monthly payment? Assume that the home's total values by 25%. Bemes the house at the new market value what would be his gain or loss on the home and mortgage unga of the motoage principal romana? Use the same assumptions in parta What the moment for both and 30 ya moto sing among langual payments for the montage The monthly payment to the 16 years and to the newest cent)