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You want to buy a $214,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the

You want to buy a $214,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the rest.
a.) How much is the loan interest going to be?
b.) What will your monthly payments be if the interest rate is 5%
c.) What will your monthly payments be if the interest rate is 6%
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You want to buy a $214,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 5\%? c) What will your monthly payments be if the interest rate is 6%

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