You are going to borrow $440,000 for a term (number of years) corresponding to your age at a 5.50% interest rate. Calculate the following:

a) The monthly payment

b) The total out-of-pocket cash you will spend to completely pay off the loan

c) How much you would save if you went with a loan for half that time at a 3.75% rate? (NOTE: if your age is an odd number, round up when you take half of it