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Consider the following pair of mortgage loan options for a $175,000 mortgage. Which mortgage loan has the larger total cost (closing costs ? the amount

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Consider the following pair of mortgage loan options for a $175,000 mortgage. Which mortgage loan has the larger total cost (closing costs ? the amount paid for points ? total cost of interest)? By how much? Mortgage A: 15-year fixed at 615% with closing costs of $1500 and 1 point. Mortgage B: 15-year fixed at 515% with closing costs of $1500 and 4 points. Choose the correct answer below, and fill in the answer box to complete yow choice A. Mortgage B has a larger total cost than mortgage A by $. B. Mortgage A has a larger total cost than mortgage B by $

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