Victor earns a gross annual income of $64,570 and is buying a home for $125,340. He is making a 15% down payment and financing the rest with a...

Victor earns a gross annual income of $64,570 and is buying a home for $125,340. He is making a 15% down payment and financing the rest with a 20-year loan at 3.75% interest.

A. What is the mortgage amount he will borrow?

B. Can he afford this mortgage?

C. What will his monthly mortgage payment be?

D. What will his total payment for the house be?

E. What is the amount of interest he will pay?