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Consider the following pair of loan options for $195,000 mortgage calculating the monthly payments and total closing cost for each option explain which of the

Consider the following pair of loan options for $195,000 mortgage calculating the monthly payments and total closing cost for each option explain which of the better options and why Choice One 15-year fixed rate is 6.5% with closing costs of $2,200 and one point Choice two 15-year fixed rate is 6.25% with closing cost of $2,200 and 3 points

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