You have found a home you want to purchase. Now your concern is the mortgage. The current 30-year interest rate is 3.8% with zero points. You have decided to finance $333,000.00 for 30 years. Please answer the following questions regarding the mortgage. Use WEB page www.bankrate.com for your calculations. Calculate the monthly payment and amortization schedule to answer questions below. Use a mortgage start date of December 1-2021.

1a. What month, day, and year is the above mortgage paid off?

1b. Assume your escrow is $500.00 per month what is your total monthly house payment?