Emil wants to purchase a residential property in the Lower Mainland. He could save $200,000 for 5 years and wants to use it as the down payment. His annual income is $170,000 as of now and wants to get 25 years (300 months) of mortgage for the home purchase of which property value is $950,000. Note that there is property transfer tax for a home purchase - 1% of the property value up to $200,000 and 2% of the property value from $200,000 to $2,000,000. Compute the monthly mortgage payment that Emil has to make (i) when the mortgage rate is i(12) = 1.8%, (ii) when the mortgage rate is i(12) = 4.8%.