If I buy a house and pay $118,500 for it and put$6500 down payment on it and finance the remainding with a 30 year loan and 7 1/2 per cent interst what would my monthly payment be?

Thanks

2. Hello, Linda!

If I buy a house and pay $118,500 for it and put$6500 down payment on it
and finance the remainding with a 30-year loan and 7½% interest,
what would my monthly payment be?
Each time an Amortization problem is posted, I'm puzzled . . .

There is a formula for this type of problem.

If it hasn't been given to you, this problem should not have been assigned.
. .
(Unless they seriously expect you to derive the Amortization Formula.)

If it has been given to you, exactly where is your difficulty?