You found a house that you like for $1,000,000. The City National Bank asked you to make a down payment of 40%. The remaining $600,000 will be provided by the bank as a 30-year mortgage. Assuming interest rate is 6 %. (use your book for the calculation) 1. Your monthly mortgage payment to the bank is: a. $1,666.67 b. $3,597.30 c. $4,000 d. $3,000 None of the above e. 2. The amount of interest that is included in your first mortgage payment is: a. $1,666.67 b. $3,597.30 c. $4,000 d. $3,000 None of the above e. The total interest that you have to pay over 30- years is: a. $1, 295,029 b. 695,029 c. $ 600,000 d. S 500,000 e. None of the above 3