<PRE><B>Question 1033600</B>
Down: 250,000*0.15 = 37,500
2 points: 0.02*250,000 = 5,000
Mortgage: 250,000-(37,500+5,000) = 207,500
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Monthly payment (assuming the interest is compounded monthly): 
P = L[c(1+c)^n]/[(1+c)^n-1]
where:
P = your fixed monthly payment
L = amount of the loan 
c = monthly interest rate (annual rate/12, in this case 0.065/12=0.00542)
n = total number of months for the mortgage 20*12=240
P = 207,500[0.00542(1+0.00542)^240]/[(1+0.00542)^240-1)=1,547.55
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Total interest paid:
1,547.55294*240 = 371,412.71-207,500 = 163,912.71
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