Arnie and Beth Litner recently bought a house for $305,000. They put 10% down as a down payment and took out a 30-year fixed mortgage with monthly payments and an interest rate of 5.75%. What is their monthly payment? 4 points What proportion of their mortgage payments made during the first 5 years will be applied to interest? What will be Amie & Beth's outstanding balance on their mortgage after 7 years of making consistent payments on their mortgage?