Suppose you need to finance $95,000 for the purchase of a home, and youre deciding between a conventional 30-year mortgage loan at 5 percent and an ARM at an initial rate of 3 percent, an annual interest rate cap of 1 percentage point, and a lifetime cap of 4 percentage points. Collapse question part (a) Calculate the mortgage payment for the conventional loan (30-year at 5 percent). (Round answer to 0 decimal places, e.g. 5,275.)