Mathematics, 02.05.2021 23:20 elsauceomotho

Consider the following pair of loan options for a $115,000 mortgage. Calculate the monthly payment and total closing costs for each option. Explain which is the better option and why. Choice 1: 30-year fixed rate at 3.5% with closing costs of $2300 and 1 point.
Choice 2: 30-year fixed rate at 3.25% with closing costs of $2300 and 4 points.

Consider the following pair of loan options for a $115,000 mortgage. Calculate the monthly payment

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