In order to purchase a home, a family borrows $159,000 at 6.5% for 30 years. use the table to find their monthly payment. round the answer to the nearest cent.

(loan amount / 1,000 ) x multiplier ... you can now do your own arithmetic 
{ and I strongly suggest you do !! } 

total = principal + all interest 

a point = 1% of the loan. 

next to last: mo pmt - interest (you calc) = reduction in principal 

last: confusing wording. Should say "you PLACED {past tense} 10% down against the full asking price" <-- but that is not relevant, unless you want to know selling price of house. You want to solve " what $ x 1.04 = actual loan of $210,000?"