You want to buy a house that costs $250,000. You will make a down payment equal to 15 percent of the price of the house and finance the remainder with a loan that has an APR of 5.35 percent compounded monthly. If the loan is for 25 years, what are your monthly mortgage payments?

a.$1,243.10

b.$1,285.97

c.$1,300.88

d.$1,280.26

e.$1,350.27