Question: need help with this William is planning to buy a house and is investigating various mortgage options He and his friend Mark are looking at

need help with this need help with this William is planning to buy a house and

William is planning to buy a house and is investigating various mortgage options He and his friend Mark are looking at William's bank web site which contains a table showing the various mortgage options available as of today. The table below reflects the interest rate, term, and monthly payment for the S200.000 mortgage loan that William needs to borrow. Real Estate Taxes and Insurance payments on the home are $2400 per year William has budgeted $1500 per month for the monthly housing payment to the bank William estimates he will remain in the home for five years before he will need to sell the property. Which of the mortgages would be the most advantageous for William

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