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You have found a house you want to buy. You obviously don't have the amount of money to pay cash for the house, so you

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You have found a house you want to buy. You obviously don't have the amount of money to pay cash for the house, so you will have to borrow the money as part of a mortgage loan. The asking price for the house is $236,793: You can afford $93,492 as a down payment. The amount you are borrowing is therefore $236,793-$93,492. Your mortgage broker is offering an interest rate of 5.09%. You want to pay off the house is 24 years. Based on these figures, what would be your base monthly payment amount

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