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Nellie wants to buy a $1,270,000.00 house. She makes a $130,000.00 down payment and takes out a 25 -year mortgage to pay for the rest.

Nellie wants to buy a $1,270,000.00 house. She makes a $130,000.00 down payment and takes out a 25 -year mortgage to pay for the rest. Her monthly mortgage payment is $4,900.00. a) What is the principal of her mortgage? Principal \$1 b) How much interest will she pay over the life of her loan? c) How much will she pay in total for her house

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