You plan to buy a house in December 2019. The sale price is $385,000. You need to pay 20% down payments and borrow additional 80% from Bank of America with a 25-year, 3.0% fixed-rate mortgage loan. You are expected to pay an equal MONTHLY payment starting from January 2020 for a total of 25 years.

(1) Calculate the expected monthly mortgage payment.

(2) Develop the 2020~2044 amortization table for the mortgage loan.

(1)When the 2020 taxes are filed, what is the total mortgage interest payment that can be considered for the tax deduction?