Penny and Ernest want to purchase a new home for $150,000. Their combined income is $58,000, and they will make a down payment of $48,000.Taxes on the house are $1,800 a year and the heating costs is $1,300 annually. the house includes condo fees of $500. The couples other debt payments are $623 per month for their car loan and their student loan. To keep payments low, the mortgage will be amortized over 25 years. Interest rates are 6.00%. What is their monthly mortgage payment?

Select one:

a. $652.60

b. $716.58

c. $715.68

d. $726.58

e. $725.85