A couple visits an open house and fall in love with the floor plan and location. They tell the host they would love to buy the house but do not know if they can afford it. In the conversation, the broker learns that they are currently paying $1750 per month for rent. Would the principal and interest payments be within the amount of their current rent if the price is $249,000 with interest rates for a zero down, 30 years mortgage at 5% interest? Note: 30 years of 5% interest is $5.37.

A. Only if they have a 20% down payment.

B. No, the payment is more than their current rent amount

C. There is not enough information to determine an answer

D. Yes, the payment is within the range of their current rent amount.