A B D E F G H J K M N 0 Q R S U V w X Z AA You plan to purchase a house with offering price of $300,000. You will put 20% down and take a loan from your bank for the rest. You decide to take a 15 year mortgage and no plan to prepay or refinance the loan. You bank offers you the following options. Answer the question below with calculation details. a. What is the monthly payment for the optoin 1 and 2, respectively? b. How much you need to pay to buy the points for Option 2 (2 points)? C. Should you choose Option 1 (no points) or Option 2 (buying 2 points) assuming you do have enough saving to buy the points? 1. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Option 1 Option 2 5% APR No points 15-year equal monthly payment 4.5% APR 2 points 15-year eqaul monthly payment