You want to buy a $258,000 home. You plan to pay 20% as a down payment and take out a 30-year loan for the rest.

You want to buy a $258,000 home. You plan to pay 20% 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 6% ? $ (c) What will your monthly payments be if the interest rate is 7%