Suppose you found the house that you have been looking for y…
Suppose you found the house that you have been looking for years! It comes with a price tag of $326,400. As preparation for this very moment you have been saving for the last five years and managed to save $30,000 which you plan to put down as a down payment for the house. If the mortgage company is willing to finance your house with a 7.5% APR, 15-year loan, then what would be your monthly payment? (Round up your answer to two decimal point) Using the monthly payment, fill out all the blank boxes below. Fill in the answer for every box and show how you got the numbers in the box (meaning, write the calculations to show how you got each of the answer). Months Beg Loan Bal.(Show how you got the number) Monthly Payment (No need to show how you got the number) Applied to Int.(Show how you got the number) Applied to Prin.(Show how you got the number) End Loan Bal.(Show how you got the number) 1st Month $ $ $ $ $