You want to buy a $130,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 3.6% interest for the rest. The bank will charge 1.5 points on the amount financed. a) What is the amount of the down payment? S 6500 b) How much is the loan amount going to be? 123,500 c) What will be the amount charged for 1.5 points? *1 point is 1 % of the mortgage amount S 1.852.50 d) Find the amount of the monthly payment. (Do not add the cost of the points to the loan amount) Hint: click here Enter a inbeer or dedinal mu er more

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