Question: 139.5 MB Problem 3 [25 points]: A house with price of $250,000 . 20% down payment, loan amount $200,000 30-year fixed rate mortgage with interest

139.5 MB Problem 3 [25 points]: A house with price of

139.5 MB Problem 3 [25 points]: A house with price of $250,000 . 20% down payment, loan amount $200,000 30-year fixed rate mortgage with interest rate as follows: Choice Rate Points 1 7% 0 2 6.75 1 6.25 3 3 Suppose that there is S2,500 origination cost. 1 [10 points]: Which choice would you like to choose if you will live in the house for 30 years? 2 [15 points]: Which choice would you like to choose if you will live in the house for 5 years

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