The price of a home on a particular island is $1,000,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost 14. Of the home is financed with a 30-year fixed rate at...

Extracted text: The price of a home on a particular island is $1,000,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost 14. Of the home is financed with a 30-year fixed rate at 8%. (a) Find the required down payment. (b) Find the amount of the mortgage. (c) Find the amount that must be paid for the 3 points at closing. (d) Find the monthly payment. (e) Find the total cost of interest over 30 years. (Round to the nearest dollar. For example, $247)