1. If you buy a house worth $202,694 with a down payment of 22.3%, what would your monthly payment be if you financed the rest with a 30-year mortgage at an annual interest rate of 4.92%?
Remember to put that annual interest rate into monthly terms. Round your answer to two decimal places.
2. If you buy a house worth $230,486 with a down payment of 20%, what would your monthly payment be if you financed the rest with a 30-year mortgage at an annual interest rate of 13.84%?
Remember to put that annual interest rate into monthly terms. Round your answer to two decimal places.