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Your friends are purchasing a house for $105,000. If they put 22% down, how much will they be borrowing for their mortgage? The bank agreed

Your friends are purchasing a house for $105,000.

If they put 22% down, how much will they be borrowing for their mortgage?

The bank agreed to an APR of 2.85% for a 28 year mortgage. According to Excel, the monthly mortgage payment would be $354.08. If your friends accept this loan, how much will they pay in total over the lifetime of the loan?

How much would be paid on interest over the life of the loan?

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