You are applying for a mortgage loan at 4.25% over 30 years with monthly payments. The home you are considering is at a price of $229,000. Lenders are offering 80% loan to value mortgages to you. What will be your monthly mortgage payment for principal and interest?

1. Same facts as #8, how much interest would you pay during the full life of the loan ?
   1. $85,703
   2. $141,244
   3. $81,158
   4. $51,792