You want to buy a $206,000 home. You plan to pay 20% 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...

You want to buy a $206,000 home. You plan to pay 20% 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 5%?


$


c) What will your monthly payments be if the interest rate is 6%?


$