O Points: 0 of 2 Save A couple found a house selling for $112,500. The taxes on the house are $1200 per year, and insurance is $320 per year. They are requesting a conventional loan from the local bank. The bank is currently requiring a 15% down payment and 3 points, and the interest rate is 10%. The couple's gross monthly income is $4950. They have more than 10 monthly payments remaining on a car, a boat, and furniture. The total monthly payments for these items is $430. Their bank wil approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. Complete parts a) through g) below. a) Determine the required down payment. The required down payment is $ 16875 . b) Determine the cost of the 3 points. The cost of the three points is $ 2869 . (Round to the nearest dollar as needed.) c) Determine 28% of their adjusted monthly income. 28% of their adjusted monthly income is $ 1266 . (Round to the nearest dollar as needed.) d) Determine the monthly payments of principal and interest for a 20-year loan. The monthly payment of principal and interest for a 20-year loan is $ (Round to the nearest cent as needed.)