You bought a house for $300,000 by 20% putting and borrowing the balance. Your loan is for 30 years at 5% interest. If your first payment is September 1st of the current year, how much interest will you pay this year? $1,161 $1,451 $3,993 $4,991 You bought a house for $300,000 by 20% putting and borrowing the balance. Your loan is for 30 years at 5% interest. If your first payment is September 1st of the current year, how much interest will you pay this year? $1,161 $1,451 $3,993 $4,991