The Nemeths decided to buy a bigger house in San Diego County. It costs $625,000. The taxes on the house would be $6900 per year, and insurance would cost $1100 per year. The Nemeths have applied for a conventional loan at the bank. The bank is requiring a 35% down payment, and the interest rate is 4.5%. The Nemeths' annual income is $150,000. They have more than 10 monthly payments remaining on each of the following: $350 for a college education loan and $375 for a car.

A. Determine their total monthly payment, including interest and taxes.

B. Does the bank's loan officer believe that the Nemeths meet the requirements for the mortgage? (YES or NO)

C. Find the total cost of the house (excluding insurance and taxes) after 30 years. How much of the total cost is interest?

Total =Total Interest =