A borrower takes out a 30-year mortgage loan for $250,000 with an interest rate of 5%. What would the monthly payment be?

A. $1,041.67

B. $1,342.26

C. $772.35

D. $1,250.00

A borrower takes out a 30-year mortgage loan for $250,000 with an interest rate of 5%. What portion of the first-month payment would be interest? A. $1,041.67

B. $1,342.26

C. $772.35

D. $1,250.00

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