# (solved)Q7 Asking Price $369,000 30 year fixed interest rate at 3.5% Down Payment at @ 20% = 73,800 Estimated Loan Amount $295,200 Estate Tax and Insurance…. . . . .

Q7 Asking Price $369,000 30 year fixed interest rate at 3.5% Down Payment at @ 20% = 73,800 Estimated Loan Amount $295,200 Estate Tax and Insurance Monthly @ 1.3% = $4,00 Estimated Monthly Payment is $1,726 Estimated Monthly Principal & Interest is $1,326 Please use the above figures to show all work and steps for the below questions:7. Assuming that the mortgage is held for the full 30 years, compute the total principal paid and the total interest paid.

## Expert Answer

Answer to Q7 Asking Price $369,000 30 year fixed interest rate at 3.5% Down Payment at @ 20% = 73,800 Estimated Loan Amount $295,200 Estate Tax and Insurance… . . .

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