e Levi bought a home in Arlington, Texas, for $127,000. He put down 25% and obtained a mortgage for 30 years at 6%.    a. What is Joe’s monthly payment? (Do not round intermediate calculations. Round your answer to the nearest cent.)      b. What is the total interest cost of

Joe Levi bought a home in Arlington, Texas, for $129,000. He put down 30% and obtained a mortgage for 30 years at 5%.  a. What is Joe’s monthly payment? (Do not round intermediate calculations. Round your answer to the nearest cent.)      b. What is the total interest cost of the loan? (Do not round intermediate calculations. Round your answer to the nearest cent.)

Use PMT to determine the regular payment amount, rounded to the nearest cent. The cost of a home is financed with a $110,000 20-year fixed-rate mortgage at 4% a. The monthly payment is S. (Do not round until the final answer. Then round to the nearest cent as needed.)

Consider a 20-year mortgage for $194,811 at an annual interest rate of 5.3%. After 8 years, the mortgage is refinanced to an annual interest rate of 2.5%. What are the monthly payments after refinancing? Round your answer to the nearest dollar.