If your new mortgage will be $390000, and the lender charges you 1 point, this will be an additional up-front cost of $1950. $390. $195. $3900. You are considering buying a house for $340000. The principal and interest payment on a $200000 30-year mortgage at 9% APR is $1609. What would the payment be for a 15-year mortgage at 9% APR? $2550 $1500 $944 $2029 Two lenders are offering a 30-year fixed mortgage. Big Sky bank is offering a 6% APR loan with no origination fee (mortgage payment = $1210) and Blue Water bank is offering a 5.50% APR with a $2000 origination fee (mortgage payment = $1177). How long would you need to stay in the home for the Blue Water deal to be worth it? 61 months 40 months O O O O 39 months 0 36 months If all other factors are equal, selecting a deductible will your auto insurance premium. lower; decrease higher; increase lower; increase O lower; have no effect on