Weston is buying a house for $215,000. he is financing $185,000 and obtained a 30-year, fixed-rate mortgage with a 6.525% interest rate. how much are his monthly payments?

For the answer to the question above asking   How much are Weston's monthly payments if Weston is buying a house for $215,000. He is financing $185,000 and obtained a 30-year, fixed-rate mortgage with a 6.525% interest rate.?

PV 185,000, N 360, R 6.525% / 12 = .54375%. the answer is Pmt = 1,172.37 

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