You can afford a $1000 monthly mortgage payment. You've found a 30-year loan at 5.3% interest.

(a) How large of a loan can you afford to take out for this payment? (b) How much money will you pay the loan company over the entire 30-years? (c) How much of the money you paid in part (b) is interest?

You want to buy a $262,500 home. You plan to pay 30% as a down payment and take out a 30-year loan at 5.5% for the rest. The bank also requires you to pay 3 points at closing. (a) How much is the loan amount going to be?

(b) How much will you pay the bank at closing for points? (c) What will your monthly payment be? (d) How much will you pay in interest over the life of the loan?

You can afford a $1000 monthly mortgage payment. You've found a 30 -year loan at 5.3% interest. Use the TVM Solver on the TI calculator. Round to the nearest cent (two decimal places). (a) How large of a loan can you afford to take out for this payment? (b) How much money will you pay the loan company over the entire 30-years? (c) How much of the money you paid in part (b) is interest? You want to buy a $262,500 home. You plan to pay 30% as a down payment and take out a 30 -year loan at 5.5% for the rest. The bank also requires you to pay 3 points at closing. (a) How much is the loan amount going to be? (b) How much will you pay the bank at closing for points? Use the TVM Solver on the TI calculator. Round to the nearest cent (two decimal places). (c) What will your monthly payment be? (d) How much will you pay in interest over the life of the loan