to determine the regular payment amount, rounded to the nearest dollar. The price of a small cabin is $50 comma 000. The bank requires a 5% down payment. The buyer is offered two mortgage options: 20-year fixed at 6.5% or 30-year fixed at 6.5%. Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20-year option? Question content area bottom Part 1 Find the monthly payment for the 20-year option. $ enter your response here (Round to the nearest dollar as needed.) Part 2 Find the monthly payment for the 30-year option. $ enter your response here (Round to the nearest dollar as needed.) Part 3 Calculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 20-year option? $ enter your response here (Use the answers from parts 1 and 2 to find this answer.)