The APR on a 30 year mortgage loan offered by a local bank is 4.5%. If you can afford up to $1800 loan payment each month and the mortgage loan can finance 80% of your house purchase, what is the maximum home price can you afford?

Select one:

a. $500,245.57

b. $444,062.61

c. $471,287.79

d. $456,740.33