Suppose that the seller of a home has accepted your offer of $175,900 to purchase the home. Suppose you are going to make a down payment of $11,000 and take out a 30-year mortgage with a fixed APR of 3.236% to cover the rest of the cost.

(a) Calculate the total of your monthly payments (in dollars) over the 30 years.

(b) If closing costs consist of 3 points and a fixed cost of $1562, how much will you pay inclosing costs in total?