Jason Bradley decided to buy a home for $271,000. His bank requires a 25% down payment. has notified Jason that besides the 25% down payment there will be the following additional costs: Recording of the deed A credit and appraisal report Preparation of appropriate documents $266.00 1521.00 444.00 In addition, there will be a transfer tax of 1.5% of the purchase price and a loan origination fee of 3% of the mortgage amount. Assume a 30-year mortgage at a rate of 9.5%. a. What is the initial amount of cash Jason will need? (Do not round intermediate calculations. Round your answer to the nearest cent.) Initial amount b. What is his monthly payment? Monthly payment S $ 59 E CD c. What is the total cost of interest over the life of the mortgage? (Use the amortization worksheet in the financial calculator. Total cost of interest S S