5. You plan to buy a house for $500,000 using a 30-year mortgage obtained from your local bank. You will make a down payment of 20% of the purchase price. Your bank offers you the following two options for payment. Option 1: Mortgage rate of 6% and zero point Option 2: Mortgage rate of 5% and one point (Assume that you also finance the point at the mortgage rate of 5%) Which option should you choose?