Sharon fox decided to buy a home in Marblehead Massachusetts for $$268,000$ her bank request at $25\%$ down payment Sue Willis an attorney has notify Sharon that beside the $25\%$ payment they will be the following additional cost use table $15\mathrm{.}1$ recording of the deed it's $$23$ a credit and appraisal report for $$148$ preparation of appropriate document $$41$ other closing expense penses include a transfer tax of $1\mathrm{.}5\%$ of the purchase price and a loan origination fee of $3\%$ of the mortgage amount assume a $20$ year mortgage at a rate of three and $3/5/8\%$ what is the initial amount of cash are needed and be what is the monthly payment and see what is the total cost of interest over the life of the mortgage