Carl and Melissa have a monthly income of $6000. They want to buy a house for $200,000 and make a down payment of $40,000. The monthly payment on a 15-year mortgage will be $2,000. On a 30-year mortgage, the monthly payment will be $1,350. Which of the following would you recommend? Why?

Select one:

a. 15 year option

b. 30 year option

c. They cannot afford to buy a house at this point.