Calculate the amount of monthly payment for principal and interest for a $250,000 home with 20 percent down and a 7.5 percent,30-year loan.The payment per $1,000 debt under these terms is $6.9921.

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The loan amount after a 20% down payment on a $250,000 home is 80% of $250,000, which equals $200,000. The payment per $1,000 debt is $6.9921. Therefore, for a $200,000 loan, the monthly payment is 200 * $6.9921 = $1,398.

Calculate the Amount of Monthly Payment for Principal and Interest