The cost of a home you want to purchase is $205,000.00. To qualify for a mortgage, your lender wants a 15% down payment. Your mortgage interest rate is 5% for 30 years and you have to pay 2 points. A. How much money do you need for the down payment?

B. How much will your mortgage be?

C. How much will you have to pay for the points?

D. What is the monthly payment?

E. By the end of the loan what will be the total of all your payments?

F. What is the total interest you will have paid on your mortgage by the end of the loan?