2. Donny is interested in buying a home. The price of the home is $250,000. Donny has $30,000 to use as a down payment on the home. His interest rate will be 3.83% fixed for a 30 year period. If Donny purchases the home, how much will his monthly mortgage payment be?

3. Marie can afford a house payment (principal and interest) of $1,200 per month. Her bank is willing to give her a rate of 3.22% APR on a 15 year fixed mortgage. What is the maximum amount Marie can borrow based on this information?