You want to buy a house that costs $295,000. 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 5.53 percent compounded monthly. If the loan is for 25 years, what are your monthly mortgage payments?

a. $1,621.54

b. $1,544.32

c. $1,537.24

d. $1,492.84

e. $1,562.33