Bob bought a house eight (8) years ago. He received a mortgage of $300,000 and his payments have been made monthly. His annual stated interest rate was 4.90% and the loan had an original maturity of 30 years. Now with only 22 years remaining on the mortgage, what is the current mortgage balance? 1) $251,855.50 2) $254,451.14 3) $255,100.33 4) $256,949.37 5) $258,301.58