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You want to buy a $ 2 3 6 , 0 0 0 home. You plan to pay 2 0 % as a down payment,
You want to buy a $ home. You plan to pay as a down payment, and take out a year loan at 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 years rather than What will your monthly payment be
e How much money in interest will you save if you finance for years instead of years?
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