You want to buy a $214,000 home. You plan to pay 15% as a

Last updated: 7/6/2022

You want to buy a $214,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 6%? c) What will your monthly payments be if the interest rate is 7%?