You are attempting to purchase a new home for $300,000, and you will make a $15,000 down payment. You will take out a 30 year amortized mortgage, with a 6.5% interest rate for the remaining cost. What will your yearly payments be?

14. You are attempting to purchase a new home... You are attempting to purchase a new home for $300,000, and you will make a $15,000 down payment. You will take out a 30 year amortized mortgage, with a 6.5% interest rate for the remaining cost. What will your yearly payments be? $1,967.52 $24,616,836.25 $1,801.39 $43,088.03 $21,824.57