Consider the following Pair of loan options for a $150, 000 mortgage Calculate the monthly payment and total closing costs tor each option Explain which is the better option and why Choice 1 20-year fixed rate at 4.5% with closing costs of $1900 Choice 2 20-year fixed rate at 4 25% with closing costs of 519C0 What is the monthly payment for choice 1? (Do not round until the final answer Then round to the nearest cent as needed) What is the monthly payment for choice 2? (Do not round until the final answer. Then round to the nearest cent as needed.) What is the total closing cost for choice 1? What is the total closing cost for choice 2? Why might choice 1 be the better choice? The monthly payment is higher. The closing costs are lower. The closing costs are higher. The monthly payment is lower. Why might choice 2 be the better choice? The closing costs are lower. The monthly payment is higher. The monthly payment is lower. The closing costs are higher