Question 1195630
down payment is 20% of $470,000 or $94,000, so P=the difference or $376,000 originally financed
Monthly payment is P*r/n(1+(r/n))^nt)/(1+(r/n)^nt -1); r=0.068, n=12, nt=360, round at end
370,000(0.068)*7.646/6.646=$2412.12

Total cost is: $94,000 down payment
+2421.12*360=$962,363.20