Your friends suggest that you take a $15-$year mortgage, because a $30-$year mortgage is too long and you will pay a lot of money on interest. If your bank approves a $15-$year, $$650,000$ loan at a fixed nominal interest rate of $10\%($APR$),$ then the difference in the monthly payment of the $15-y$ ear mortgage and $30-$year mortgage will be

$.($Note: Round the final value of any interest rate in percentage form to four decimal places.$)$

Which of the following statements is not true about mortgages?

Every payment made toward an amortized loan consists of two parts$-$interest and repayment of principal.

The ending balance of an amortized loan contract will be zero.

If the payment is less than the interest due, the ending balance of the loan mortgages are examples of amortized loans.