Robert and Lili are purchasing their first home together in British Columbia. Their conditional offer of purchase has an agreed-upon purchase price of $1,200,000. They have decided to sell their current Cando at 850,000 with a mortgage balance of 500,000 and use the sales proceeds as down payment. They also will use $100,000 from their joint high-interest savings account as their down payment. Considering 4% closing cost and 6% agent commission, Calculate LTV and total mortgage amount