Question: 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

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 $250,000 with 20% down. Calculate his monthly payment for a 20-year mortgage at 5.5\%. Calculate total interest. (Use Table 15.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Answer is complete but not entirely correct

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