Question: You plan to purchase a house for $154,000 using a 25 year mortgage obtained from your local bank. You will make a down payment of

You plan to purchase a house for $154,000 using a 25 year mortgage obtained from your local bank. You will make a down payment of 15 percent of the purchase price. You will not pay off the mortgage early. Assume the homeowner will remain in the house for the full term and ignore tares in your analysis. a. Your bank offers you the following two options for payment. Which option should you choose? b. Yout bank offers you the following two options for payment. Which option should you choose? You plan to purchase a house for $154,000 using a 25 year mortgage obtained from your local bank. You will make a down payment of 15 percent of the purchase price. You will not pay off the frorgage early. Assume the homeowner will remain in the house for the full term and lgnore takes in your analysis. a. Your bank offers you the following fwo options for payment. Which option should you choose? b. Yout bank offers you the following two options for payment. Which option should you choose

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