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-- Use to determine the regular payment amount, rounded to the nearest dollar. Consider the following pair of mortgage loan options for a $185,000 mortgage. Which mortgage loan has the larger total cost [1-13) (closing costs + the amount paid for points + total cost of interest)? By how much? Mortgage A: 15-year fixed at 6.25% with closing costs of $2600 and 1 point. Mortgage B: 15-year fixed at 4.5% with closing costs of $2600 and 5 points. Choose the correct answer below, and fill in the answer box to complete your choice. (Do not round until the final answer. Then round to the nearest dollar as needed.) O A. Mortgage A has a larger total cost than mortgage B by $ O B. Mortgage B has a larger total cost than mortgage A by $ Ghe Clear All Get More Help View an Example Help Me Solve This 8:38 AM 10/5/2021 79F Partly cloudy a NO O Type here to search Previous Question Use PMT= PH) (1+2) ") to determine the regular payment amount, rounded to the nearest cent. The cost of a home is financed with a $150,000 40-year fixed-rate mortgage at 4% 1 - a. Find the monthly payments and the total interest for the loan. b. Prepare a loan amortization schedule for the first three months of the mortgage 31 a. The monthly payment is $ 626.91 (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for the loan is $ 150915.70 (Use the answer from part a to find this answer. Round to the nearest cent as needed.) b. Fill out the loan amortization schedule for the first three months of the mortgage below. Payment Number Interest Principal Loan Balance 1 $ $ 2 S S S 3 S $ (Use the answer from part a to find these answers. Round to the nearest cent as needed.) Help Me Solve This View an Example Get More Help Clear All a al 79F Partly cloudy Type here to search