Problem 4 and 5-8 House Appreciation and Mortgage Payments Say that you purchase a house for $186,000 by getting a mortgage for $165,000 and paying a down payment of $21,000. If you get a 15-year mortgage with an interest rate of 7 percent, what are the monthly payments? (Round your final answer to 2 decimal places.) Payment What would the loan balance be in five years? (Use a payment value rounded to 2 decimal places. Round your final answer to 2 decimal places.) Loan balance If the house appreciates at 4 percent per year, what will be the value of the house in five years? (Round your final answer to2 decimal places.) Future value How much of this value is your equity? (Use intermediate values rounded to 2 decimal places. Round your final answer to 2 decimal places.) Equity