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You are considering buying a house with a 3 0 - year amortized mortgage loan. The value of the house is $ 5 5 0

You are considering buying a house with a 30-year amortized mortgage loan. The value of the house is $550,000, and the interest rate for a 30-year mortgage loan is 7.5%, based on your FICO score. If you decide to buy the house with a $50,000 down payment, what would be your monthly mortgage payment?
$3,045.11
$3,496.07
$3,845.68
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