You are considering buying a house and you need a mortgage. You need to borrow $250,000. Your bank offers you a rate of 3% with a 25 year amortization period and monthly payments of $1,183.11. A mortgage broker offers you a 35 year amortization at 3%. How much more interest do you pay over the life of the 35 year mortgage compared to the standard 25 year mortgage? A. $52,264 B. $53,300 C. $49,264 D. $48,074