You want to buy a house that costs $285,000. You will make a down payment equal to 20 percent of the price of the house and finance the remainder with a loan that has an interest rate of 5.49 percent compounded monthly. If the loan is for 30 years, what are your monthly mortgage payments? $1,357.79

$1,250.02

$1,287.24

$1,293.13

$1,305.86