Part V-A Closer Look at the Numbers (15 points) Using the information above, complete the following: Mortgage (Loan Amount): $335.920 Principal and Interest (P&I) for 15-year loan (monthly): $2,291 Principal and Interest (P&I) for 30-year loan (monthly): $1,441 Use this information to find the following for the 15-year loan and for the 30-year loan: 15-Year Loan 30-Year Loan Amount paid towards interest on the first mortgage payment interest rate/12, times loan amt.): Amount paid towards the balance of the loan: (P& I, minus the interest paid on the first PMT) Total paid over the life of the loan: Total interest paid for the loan: Using the financing information you found, complete the following table: 15-Year Loan 30-Year Loan 2.823% 3.136% Interest Rate: $2,291 $1,441 Principal and Interest (P&I): Taxes: $364 $364 Insurance: $147 $147 PMI: $0 SO Total Monthly Payment: $2,802 $1.952 7. Based on what you determined you can afford for a house payment and the monthly mortgage payments for a 15-year or 30-year loan on your home, can you afford either of the two loans? If not, you will need to choose a less expensive home (or up your salary somehow) and recalculate your numbers Check the box that applies: I can afford the 30-year loan. I can afford either loan Part 1 - A Closer Look at the Numbers (15 points) Using the information above, complete the following: Mortease (Loan Amount) $335.920 a focus