need help with both.

The Jacksons have determined that after making a down payment, they could afford at most $1,800 for a monthly house payment. They are interested in a 7/1 ARM loan with a term of 30 years and an interest rate of 5.4% per year compounded monthly for the first 7 years. What is the maximum amount they can borrow with this mortgage? Use the TVM solver on your calculator to evaluate. Enter your final answer in the box. Round your answer to two decimal places. (Do not include units in your answer.) Question 4 5 pts The Jacksons, from the above problem, were able to purchase a house at their maximum amount, and it is time to reset the payments at a new interest rate of 4.9% per year compounded monthly. What will be the new monthly mortgage paymer/s? Use the TVM solver on your calculator to evaluate. Enter your final answer in the box. Round your answer to two decimal places. (Do not include units in your answer.)