Question: CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30 -yeat foved rate mortgages to 4:03%. Dennis Natali wants to

CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30 -yeat foved rate mortgages to 4:03\%. Dennis Natali wants to purchase a vacation home for $350.000 with 20% down Calculate his monthly paymient for a 25-year mortgage at 5.5%. Calculate total interest. (Use Table 15.1) (Do not round intermediate colculations. Round your final answers to the nearest cent.)

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