You are purchasing a house for $280,000. You can finance the house for 20 years at 6.5% interest. (Assume a 20% down payment)You are purchasing a house for $280,000. You can finance the house for 20 years at 6.5% interest. (Assume a 20% down payment)You are purchasing a house for $280,000. You can finance the house for 20 years at 6.5% interest. (Assume a 20% down payment)
How much will your monthly payment be? (format answer as XXXX.XX)
What will the total finance charge be? (format answer as XXXXXX.XX)