Assume a mortgage is available at 4.25% with monthly payments for 30 years. A prospective homeowner has $35,000 available for a down payment, and can afford a monthly mortgage payment of $1,350. Ignore property taxes and insurance that often attach to a mortgage payment. What is the highest-priced house this new home buyer can afford?

Group of answer choices

$309,424

$274,424

$285,320

$320,320