Say that you purchase a house for $270,000 by getting a mortgage for $235,000 and paying a down payment of $35,000. If you get a 15-year mortgage with an interest rate of 8 percent, what are the monthly payments? (Round your final answer to 2 decimal places.) 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.) If the house appreciates at 2 percent per year, what will be the value of the house in five years? (Round your final answer to 2 decimal places.) How much of this value is your equity? (Use intermediate values rounded to 2 decimal places. Round your final answer to 2 decimal places.)