Roberto has a 30-year home mortgage. He borrowed $200,000 at a rate of 3.5% (fixed). How much of his first monthly mortgage payment will go towards interest (as opposed to principal)?

Group of answer choices

$582.42

$314.76

$123,312.18

$583.33

Blake borrows $432,000 for a home mortgage with monthly payments. The mortgage is for 36 years at 3.81% interest. How much total interest will Blake pay over the life of the loan?

Group of answer choices

$362,546.74

$1,371.60

$794,546.74

$1,267,097.95