the amount of the loan is $440,000

6. Suppose the annual interest rate of your loan is 6% for 30 years paid monthly. What is your monthly house payment? What is the monthly interest rate? Using this interest rate, how much of your first month's house payment will go for interest on the loan and how much of your first month's payment will pay off principal? What percent of the first month's payment goes toward interest? How much is still owed on your loan at the start of the second month