Question: Given the information below answer the following three questions suppose you borrow $ 9 1 9 , 0 0 0 to purchase a house the

Given the information below answer the following three questions suppose you borrow $919,000 to purchase a house the laundry room is 30 years the lawn rate is 5.64% APR and there are monthly payments you paid 1.25 points to obtain the loan rate and an additional 16,889 in origination fees at closing as well question number one find the monthly payment on the loan express your answer in dollars and cents round appropriately question number two you want to pay an extra 20% per mortgage payment on the loan to pay it off faster however you cannot start this pre-payment until month six of the loan given this delay how long and total will it take to pay off the loan express or answer in months and route to two decimal places question number three

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