Mr. Bill S. Preston, Esq., purchased a new house for $110,000. He paid $20,000 upfront and agreed to pay the rest over the next 25 years in 25 equal payments that include principle payments plus 12 percent compound interest on the unpaid balance. What will these equal payments be?

Answer the below:

A. Mr. Bill S. Preston, Esq., purchased a new house for $110,000 and paid $20,000 upfront. How much does he need to borrow to purchase the house?

(Round to the nearest dollar)