Madeline is looking to purchase a house. She has been searching in the Rochester area and has come across two options.

o House A is listed at $75,000. It has a 1,700 sq ft floor plan with 3 bedrooms and 1.5 bathrooms. The yearly taxes and insurance are $2,400 and $375.

o House B is a 1,300 sq ft house listed at $55,000. It has 3 bedroom and 1 bathroom, and taxes and insurance of $3,200 and $270 per year.

Madeline is planning to put $15,000 down on whichever house she chooses. She has also checked with the bank and has found a 30-yr mortgage with a 3.8% APR and a 15-yr mortgage with a 3.1% APR. Madeline is currently debating whether to buy House A with the 30-year mortgage or House B with the 15-year mortgage.

(Assume Madeline must pay asking price for either house.)

- Find the monthly payments on House A using the 30-yr mortgage.

- Find the monthly payments on House B using the 15-yr mortgage.

- Find the amount of interest Madeline would pay on each mortgage.