You want to buy a $250,000 home. You plan to pay 15% 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%? e) What will your monthly payments be if the interest rate is 6%? Question Help: Video 1 Video 2

Fou want to buy a $250,000 home. Fou plan to pyy 15% as a down paymeat, and take cut a 30 yeaf than for the reet? a) How moch is the loan ansount going to be? b) What willyour monthly pouments be if the interest rate is 5% ? e) What will your monthly payments be if the inferest rate is 6%