You want to buy a $251,000 home. You plan to pay 5% as a down payment and take out a 30-year loan for the rest. How much is the loan going to be? What will the monthly payments be if the interest rate...

You want to buy a $251,000 home. You plan to pay 5% as a down payment and take out a 30-year loan for the rest.

How much is the loan going to be?

What will the monthly payments be if the interest rate 5%?