The price of a condominium is $152,000. The bank requires a 5% down payment and one point at the time of closing. The cost of the condominium is financed with a 30-year fixed-rate mortgage at 7%. Use the following formula to determine the regular payment amount. Complete parts (a) through (e) below. PA PMT= -nt a. Find the required down payment. $7600 b. Find the amount of the mortgage. $ 144400 c. How much must be paid for the one point at closing? (Round to the nearest dollar as needed.)