You want to take out a $350,000 mortgage. The interest rate on the loan is 4.85%. You play to pay 20% as a down payment and take out a 30-year loan for the rest. (a) How much money do you make as a down payment? (b) How much is the loan amount going to be?

(c) How much are the monthly payments for the portion you needed a loan for? (d) How much do you pay to the bank over the course of the loan? (e) How much do you pay in interest? (f) How much do you pay for the home (down payment + loan payments)? (g) In regards to the loan amount in Question 3b, how much will still be owed after making payments for 15 years?