$567.07
Step-by-step explanation:
Given that :
Purchase price = $200,000
Number of years = 30
Rate = 5.875%
Down payment = 10%
Hence, mortgage amount :
Purchase price - down payment
200,000 - (0.1 * 200000)
200,000 - 20,000
= $180,000
Using a mortgage calculator :
Mortgage amount = 180,000
Mortgage term = 30 years
Interest = 5.875%
Monthly payment will be : $1067.07
Hence, if she only wants to $500 from her own money, A rent of ($1067.07 - $500) = $567.07 will need to be charged