Question: You qualify for an $800,000 fully amortizing 30-year fixed rate mortgage with monthly payments. If the annual interest rate is 3.63%, compounded monthly, what will

You qualify for an $800,000 fully amortizing 30-year fixed rate mortgage with monthly payments. If the annual interest rate is 3.63%, compounded monthly, what will the monthly mortgage payment be?

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Are there any changes you would recommend in the selection process?

Which of the three candidates would you select, given the limited knowledge you possess? Why?

What information would you consider irrelevant in the preceding selection profiles?