Question $18$

You are considering buying a house with a $15-$year amortized mortgage loan. The value of the

house is $$650,000,$ and the interest rate for a $15-$year mortgage loan is $6\mathrm{.}5\%,$ based on your

FICO score. If you decide to buy the house with a $$25,000$ down payment, what would be the

repayment of principal in the third month?

$$3,363$

$$2,081$

$$5,444$