Susie Que has asked for a 25-year mortgage to purchase a home at Nags Head. The purchase price is $465,000, of which Susie must borrow $395,000 to be repaid in monthly installments. If Susie can get this loan for an APR of 5.50 percent, how much in total finance charges must she pay?

Show the work for the payment and then explain how to get the finance changes each month and yearly.