to the principal? (Round your answer to the nearest cent.) interest applied to the principal ent.) mortg.age..pr.operty tax, and fire insurance. (Round your answer to the nearest cent.) $ The Mendez family is considering a mortgage loan of $349,000 at an annual interest rate of 6.9%. (a) How much greater is their mortgage payment if the term is 20 years rather than 30 years? $ (b) How much less is the amount of interest paid over the life of the 20-year loan than over the life of the 30 -year loan? $