Lamar is looking to refinance his $300,000 mortgage. He has already locked-in a new mortgage at 4.00% APR for the next 360 months at Bank One, and closes on the new mortgage next week. Prior to closing, a competitor bank, Bank Two, announces that Lamar can refinance for monthly payments of $1,400 for 360 months. Switching to the loan at Bank Two will cost Lamar $1,000 today in fees. Should Lamar switch to the Bank Two loan, and how much money will he save/lose by switching in present value terms? O No suitabl