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.