Consider the following pair of loan options for a $165,000 mortgage. Calculate the monthly payment and total closing costs for each option. Explain which is the better option and why.Choice 1: 30-year fixed rate at 5.5% with closing costs of $2300 and 1 point.Choice 2: 30-year fixed rate at 5.25% with closing costs of $2300 and 4 points.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.)