Which of the following statements regarding a 30-year monthly payment amortized mortgage of $200,000 with a nominal interest rate of 5% is correct?

A. The total dollar amount of interest being paid off each month gets larger as the loan approaches maturity

B. The monthly payments will increase over time

C. A larger proportion of the first monthly payment will be to repay the principal, and a smaller proportion will be interest, than for the last monthly payment

D. The amount representing interest in the first monthly payment would be lower if the nominal interest rate were 7% rather than 5%

E. Exactly 5% of the first monthly payment represents interest

F. None of the above