Please help me on question 16!! I'm really struggling :(

Homework. Homework 40 Part 1 of 6 17 points O Points: 0 of 1 Save You need a loan of $145,000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Briefly discuss how you would decide between the two choices. Choice 1: 20-year fixed rate at 4% with closing costs of $1900 and no points. Choice 2: 20-year fixed rate at 3.5% with closing costs of $1900 and 3 points. What is the monthly payment for choice 1? (Do not round until the final answer. Then round to the nearest cent as needed.) Help me solve this View an example Get more help Clear all Check