Question 1150238
you can use the following online calculator, if you don't have one.
<a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a>


what you need to do is:
divide the yearly interest rate percent by 12 to get the monthly interest rate percent.
multiply the number of years by 12 to get the number of months.


5.7% per year / 12 = .475% per month.
6.7% per year / 12 = .5583333333% per month.
30 years * 1 2 = 360 months.


your present value is set to 205,000 minus 20% of 205000 = 164,000.
your future value is set to 0.
your payments are made at the end of each time period.



inputs at 5.7% per year are shown below:


<img src = "http://theo.x10hosting.com/2019/121005.jpg" alt="$$$" >


output at 5.7% per year is shown below:


<img src = "http://theo.x10hosting.com/2019/121006.jpg" alt="$$$" >


inputs at 6.7% per year are shown below:


<img src = "http://theo.x10hosting.com/2019/121007.jpg" alt="$$$" >


output at 6.7% per year is showon below:


<img src = "http://theo.x10hosting.com/2019/121008.jpg" alt="$$$" >


the present value is positive because it's money received.
the payment is negative because it's money spent.


your loan amount is $164,000.
your payments at the end of each month at 5.7% per year are $951.86.
your payments at the end of each month at 6.7% per year are $1058.66.