Suppose I have a $15,000 down payment to buy a house that's 183,000 and get approved for a 30 year mortgage with a 3.75% interest rate, and a closing cost of one point. Using the loan payment formula how much would my monthly payments and closing costs be? Formula below.

4D: Loan Payments, Credit Cards, and Mortgages Payment Formula (Installment Loans) n PX (APR) PMT =x- [1- (1 + APR) PMT = the regular payment amount P = starting loan principal (amount borrowed) APR = annual percentage rate (as a decimal) n = number of payment periods (and interest compoundings) per year Y = loan term (in years)