Mortgage Payments Solve the following problems. Round your results to the nearest cent as needed. You are taking out a mortgage to buy a home. After the down payment, you need to borrow $320,000. If a bank offers you a loan at 5.34 % for 25 years, how much will your monthly payment be? How much will you pay in interest? Your monthly payment will be $ 3916.17 x dollars You will pay a total of $ 854851 x in interest dollars