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Deb and RustyCombined income$ 90,000.00House Price $ 350,000.00Total Savings$ 40,000.00Down payment$ from20,000.00savingsClossing cost$3,300.00$$$$$$$$$$Deposit20,000.0030,000.0035,000.0036,000.0036,500.0036,600.0036,855.0036,858.0036,868.68$$$$$$$$$$Closing Cost3,500.003,300.003,200.003,150.003,140.003,135.003,134.003,131.453,131.423,131.31Savings balance$36,500.00$16,700.00$6,800.00$1,850.00$860.00$365.00$266.00$13.55$ 313,142.00 $10.58$ 313,131.32 $0.01$$$$$$$$Borrowed350,000.00330,000.00320,000.00315,000.00314,000.00313,500.00313,400.00313,145.00The the largest amount they can use for a down payment and still pay the closing costs is $36,868.68. If the1. 20-Year amortization schedule with 4.5% annual interestRate90.00% 4.5% per yearTerm1years20Amount$350,000.00PaymentPaymentPrincipalInterest Each Year1($26,906.65) ($11,156.65)($15,750.00)2($26,906.65) ($11,658.70)($15,247.95)3($26,906.65)($12,183.34)($14,723.31)4($26,906.65)($12,731.59)($14,175.06)5($26,906.65)($13,304.51)($13,602.14)6($26,906.65)($13,903.22)($13,003.43)7($26,906.65)($14,528.86)($12,377.79)8($26,906.65)($15,182.66)($11,723.99)9($26,906.65)($15,865.88)($11,040.77)10($26,906.65)($16,579.84)($10,326.81)11($26,906.65)($17,325.94)($9,580.71)12($26,906.65)($18,105.60)($8,801.05)1314151617181920Total Interest =($26,906.65)($26,906.65)($ ...


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