QUESTION 48 Information: House price is $540,000; Interest rate is 3.75%; Loan is 75% of price; Term is 30 years (360 payments); What is the monthly payment? $1,549.86 $1,622.53 $1,738.25 $1,875.62 QUESTION 49 Assume that we have a loan of $196,000 with payment of $1107.12. The term was 360 months at 3.2% interest rate. If the homeowner sells the property at the end of year 11, what is the payoff balance that the borrower owes the bank? $175,346.25 $188,952.41 190,236.72 $164,328.53 QUESTION 50 Assume that we have a loan with payments of $1498.3957 that has a 15-year term (180 payments). The original loan was $192,000 (or 80% of the house price of $240,000). What is the interest rate in this mortgage loan? 3.2% 3.5% 4.8% 5.0%