First find how many months the loans last: 20 years * 12 months/year = <<20*12=240>>240 months

Then divide the cost of the house by the number of payments to find the monthly payment before interest: $480,000 / 240 months = $<<480000/240=2000>>2000/month

Then do the same thing to find the monthly payment before interest on the trailer: $120,000 / 240 months = $<<120000/240=500>>500/month

Then subtract the cost of the trailer payment from the cost of the house payment to find the difference: $2000/month - $500/month = $<<2000-500=1500>>1500/month

# Answer

1500
<|im_start|>system
You are a helpful assistant.<|im_end|>
<|im_start|>user
Jane is trying to decide whether to buy a house or a trailer. A house costs $480,000 and a trailer costs $120,000. Each loan will be paid in monthly installments over 20 years. How much more is the monthly payment on the house compared to the trailer?
Please reason step by step, and put your final answer within \boxed{{}}.<|im_end|>
<|im_start|>assistant

user
1500
Jane is trying to decide whether to buy a house or a trailer. A house costs $480,000 and a trailer costs $120,000. Each loan will be paid in monthly installments over 20 years. How much more is the monthly payment on the house compared to the trailer?
train