I need the steps to get to the answer

You plan to purchase a house for $115,000 using a 30-year mortgage obtained from your local bank. You will make a down payment of 20 percent of the purchase price. You will not pay off the mortgage early.

a. Your bank offers you the following two options for payment:

Option 1: Mortgage rate of 9 percent and zero points.

Option 2: Mortgage rate of 8.85 percent and 2.2 points.

if you choose option 2, the up front cost is

Correct Answer: $2,024.00