CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30-year fixed rate mortgages to 4.03% Dennis Natali wants to purchase a vacation home for $325,000 with 20% down. Calculate his monthly payment for a 30-year mortgage at 6.5%. Calculate total interest. (Do not round intermediate calculations. Round your final answers to the nearest cent.) 

Monthly payment 

Total interest

Answer rating: 100% (QA)

Loan Amount Home Price 1 Down Payment Loan Amount 325000 080 Loan A... View the full answer