You want to buy a $157,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 4.75% interest for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be? C) How much total interest do you pay? $ d) Suppose you want to pay off the loan in 15 years rather than 30. What will your monthly payment be? $ e) How much money in interest will you save if you finance for 15 years instead of 30 years? Ques