18. Consider a 30 year loan with a monthly payment of $2,100 and an annual interest rate of 3.75 percent. What was the original loan size? 19. The listing price of the house of your dreams is $475,000. The appraised value of the house is $485,000. The assessor's value is $450,000. You put an offer of $473,00 on the house and the offer is accepted. The lender has agreed to give you an 80% loan, 3.5% interest rate, 30- year term. The discount points are 2 percent. What is the loan amount? a b. Calculate the payment. The effective borrowing cost on the loan if the lender charges 4 points at origination is: c. 20. You have found another dream home and have qualified for a $450,000 loan. You have been given to options for the terms of your mortgage. Which option should you take? Show your work. Mortgage A Loan term: 30 years Annual interest rate: 6 percent Monthly payments Up-front financing costs: S6000 Discount points: 2 Mortgage B Loan term: 15 years Annual interest rate: 5.5 percent Monthly payments Up-front financing costs: $7000 Discount points: 3 Based on the effective borrowing cost, which loan would you choose