math
posted by marie .
Determine the regular payment amount, rounded to the nearest dollar.
The price of a home is $160,000. the bank requires a 15% down payment. The buyer is offered two mortgage options: 1 year fixed at 8% or 30year fixed at 8%. Calculate the amount of interest paid for each option. how much does the buyer save in interest with the 15year option?
I tried the loan calculator it didn't work

This question does not make sense to me.
"Calculate the amount of interest paid for each option"  over what period of time ?
"how much does the buyer save in interest with the 15year option? "  you don't describe the 15year option.