Question: OTI to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage loan options for a $145,000 now mortgage
OTI to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage loan options for a $145,000 now mortgage Which mortgage loan has the larger total cost closing costs + the amount paid for points + total cost of interest)? By how much? Mortgage A 15-year fixed at 12 25% with closing costs of $2400 and 1 point Mortgage B. 15-year fired at 11 25% with closing costs of $2400 and 3 points That What Choose the correct answer below, and fill in the answer box to complete your choice (Do not round until the final answer. Then found to the nearest dollar as needed) A. Mortgage B has a larger total cost than mortgage Aby 52 OB. Mortgage A has a larger total cost than mortgage B by 5 act and Fier Click to select and enter your answers
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