Dan and Carol Seeger have a monthly income of 4,450. They want to buy a house for $150,000 and make a down payment of $15,000. The monthly payment on a 15-year mortgage will be $1,395. On a 30-year mortgage, the monthly payment will be $1,235. Which of the following would you recommend?

Select one:

a. 15 year mortgage

b. 30 year mortgage

c. They will not be able to pay for the 15 or 30ear mortgage.