You have a choice between an 80% loan for a 100,000 purchase price with a term of 30 years and an interest rate of 6%, or a 90% loan for the same property with a 6.5% interest rate and a 30 year term, both fully amortizing. What is the incremental cost of the second loan? Why would vou choose one over the other? 6. You have a choice between renting a property for 1,500 per month, or purchasing the property for 150,000 with a 5% interest rate with an 80% loan to value ratio and a 30 year amortization. What are the items you need to consider when choosing what to do