please answer the below

You have secured a loan from your bank for two years to build your home. The terms of the loan are that you will borrow $235,000 now and an additional \$135,000 in one year. Interest of 12 percent APR will be charged on the balance monthly. Since no payments will be made during the 2 -year loan, the balance will grow at the 12 percent compounded rate. At the end of the two years, the balance will be converted to a traditional 25 -year mortgage at an interest rate of 8 percent interest rate. What will you be paying as monthly mortgage payments (principal and interest only)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)