o Compare the monthly payment and total payment for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing costs. You need a $200,000 loan. Option 1: a 30-year loan at an APR of 7.5% Option 2: a 15-year loan at an APR of 6.5%. Find the monthly payment for each option. The monthly payment for option 1 is $ g The monthly payment for option 2 is $ le (Do not round until the final answer. Then round to the nearest cent as needed.) Find the total payment for each option. The total payment for option 1 is $ The total payment for option 2 is $ (Round to the nearest cent as needed.) Compare the two options. Which appears to be the better option? O A Option 1 is the better option, but only if the borrower plans to stay in the same home for the entire term of the loan OB. Option 2 is the better option, but only if the borrower can afford the higher monthly payments over the entire term of the loan OC. Option 2 will always be the better option OD Option 1 will always be the better option we wi sor 1 Click to select your answer(s)