Question $18(1$ point$)$ Retake question

Suppose your dream house from homework $1($that you found on zillow or

streeteasy$)$ is on sale and you buy it at the list price $($use the zestimate price if the

property is not actually on sale right now$).$ The bank is giving you a $30$ year fully

amortizing constant payment loan with $80\%$ LTV and $5\mathrm{.}85\%$ annual interest rate. The

mortgage has no fee. Note house price is $(375,000$ $ $)$ and est: $2,220$$$/$mo

Answer the following questions:

A$.$ How much downpayment do you need for the transaction?

B$.$ How much will your monthly payment be for this mortgage?