4) You want to purchase a house for $800,000. You can only borrow 70% of the home value (LTV=80\%). You can borrow money at 8% per year. You would like a 30 -year loan. What is your monthly mortgage payment? What is your mortgage payment if you got a 15y ear loan instead? A) $4,109.08;$5,351.65 B) $4,119.08;$6,351.25 C) $3,909.68;$5,521.36 D) $4,019.32;$5,151.92 5) Suppose you secured the 15 -year loan and sold your house after 6 years. What is the remaining mortgage/loan balance after 6 years? A) $411,073.73 B) $409,119.08 C) $398,521,36 D) $425,151.92