Consider the following pair of mortgage loan options for a ?$130 comma 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: 20?-year fixed at 7.25?% with closing costs of ?$2400 and 1 point.

Mortgage? B: 20?-year fixed at 5.25?% with closing costs of ?$2400 and 2 points.

Choose the correct answer? below, and fill in the answer box to complete your 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 ?$ ?(Round to the nearest dollar as? needed.)