Use the following amortization chart: Selling price of home Down payment $ 5,000 Principal (loan) $...
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Use the following amortization chart: Selling price of home Down payment $ 5,000 Principal (loan) $ 81,000 Rate of interest Years 5.0% 30 Payment per $1,000 $ 5.3682 $ 86,000 What is the total cost of interest? Monthly mortgage payment $ 434.83 Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Total cost of interest Use the following amortization chart: Selling price of home Down payment $ 5,000 Principal (loan) $ 81,000 Rate of interest Years 5.0% 30 Payment per $1,000 $ 5.3682 $ 86,000 What is the total cost of interest? Monthly mortgage payment $ 434.83 Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Total cost of interest
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