You are interested in purchasing a house for $900,000. You are a first-time homebuyer and qualify for CMHC mortgage insurance that allows a 5% down payment. The bank has offered you a mortgage rate of 2.95%. You have been approved by the bank for a 25-year mortgage. What is your monthly mortgage payment? The mortgage is compounded semi-annually. $4,197 $4,024 O 548,285 O None of the options listed O $3.987