Use PMT = to determine the regular payment amount, rounded to the nearest dollar. Thế price of a home is $158,000. The bank requires a 20% down payment and three points at the time of closing. The...

1.Find required down payment 2.Find amount of the mortgage 3.How much must be paid for the three points at closing 4.Find the monthly payment 5.Find the total cost of interest over 30 years

Extracted text: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. Thế price of a home is $158,000. The bank requires a 20% down payment and three points at the time of closing. The cost of -nt the home is financed with a 30-year fixed-rate mortgage at 8%. Complete parts (a) through (e) below. d. Find the monthly payment (excluding escrowed taxes and insurance). $ (Round to the nearest dollar as needed.) e. Find the total cost of interest over 30 years.