1. What will be the amount of interest paid in the first month if you put 30 percent down on a home costing $150,000 with a 25-year, 9% loan?
2. If you put 30 percent down on a home costing $150,000 with a 25-year, 9% loan, what is the remaining balance on the mortgage after five years?
3. If you added $100 to the monthly payment on a 30-year, $100,000 fixed-rate loan with a 6.5% rate, how soon would your loan be paid off?
4. You have just purchased a home and borrowed $250,000, 4.5 percent for 30 years, payable monthly. What is your monthly payment?