You are interested in purchasing a condominium for $475,000. You offer a down payment of 5% of the purchase price. The bank has offered you a fixed mortgage rate of 3.25%. You have been approved by the bank for a 30-year mortgage. The monthly maintenance fee for the condominium is $500. How much will you pay per month in mortgage and maintenance fees? The mortgage is compounded semi-annually. $2,747 $2,582 $2,912 None of the options listed $2,458