You are considering buying a new house, and have found that a $100,000, 30-year fixed-rate mortgage is available with an interest rate of 7 percent.This mortgage requires 360 monthly payments of approximately $651 each.If the interest rate rises to 8 percent, what will happen to your monthly payment?

1.The monthly payment will be $

The change in the monthly payment will be ______ percent while the change in the interest rate will be ______ percent.