a borrower bought a house for $200,000; he can obtain an 80% loan with a 30 year fully amortizing, 7% interest rate and monthly payment. alternatively he could get a 90% loan at 8.5% with same term. what is the difference in loan balances after 10 years?

answer choices $23319.91

$22184.77

$23467.53

$24519.11