Fixed rate mortgage offer:

Purchase price: $170,000

Down payment ($34K): 20%

Term: 30 years

Interest rate: 4.25%

Property tax (yearly): $1,500

Homeowner’s insurance (yearly): $1,000

The total monthly payment Demarco and Tanya should anticipate is

$1,700.

$669.

$877.

$1,200.