You are looking to buy your first home. You have saved up $10,000 for a down payment. You have a credit score of 700. Your debt to income is 30%. You have decided that your budget for a new home is $150,000 (including-down payment, initial repairs, appraisal, and inspection). You have been approved for a $200,000 loan. If you decide to purchase a home for the full $200,000 and go over your budget; how much PMI would you have to pay?

	a.	$10,000
	b.	$28,500
	c.	$40,000
	d.	$38,000