You want to buy a $240,000 home. You plan to pay 20% as a d…
You want to buy a $240,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan for the rest. How much is the loan amount going to be? _______ What will your monthly payments be if the interest rate is 6%? _______ What will your monthly payments be if the interest rate is 7%? _______