Question $2$

You are contemplating purchasing a home costing $$625,000$ with a $20\%$ down payment, which you will finance with a $30-$year fixed$-$rate mortgage. Here are two mortgage quotes that you come across:

Showing results for: Single$-$family home, $30$ year fixed mortgages with all points options. Terms explained

$\backslash$table$[[$Lender$,$Rate $(1),$APR $(1),$Mo$.$ payment $(1),$as of January $30,2024],[.,{5\mathrm{.}875}^{\%},,$$$2,958,],[\backslash$table$[[$NMLS $=1675638$