Lynne and Glen plan to purchase their first home in a year's time. They have been saving $400 a month for the last 3 years and investing that money in GICs in their TFSA at a rate of 2%, compounded semi-annually. They also plan to draw down the maximum from both of their RRSPs under the Home Buyers' Plan.They estimate acquisition costs will amount to $15,000.If they want to avoid mortgage insurance costs, what is the most they could pay for a house?(Hint:Confirm the maximum drawdown from the HBP in 2019.)

1. $279,190
2. $306,774
3. $349,130
4. $402,923