Assume a $175,000 mortgage loan and 10-year term. However, monthly payments will be based on a 30-year amortization schedule. The lender is charging an annual interest rate of 6 percent. Total up-front financing costs, including payments to third parties, equal 4 percent of the loan amount.
What is the monthly payment?

A) Approximately $1,049.57
B) Approximately $1,129.82
C) Approximately $1,219.85
D) Approximately $1,318.21