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Prn11+rnnt Consider the following pair of mortgage loan options for a $165,000 mortgage. Which mortgage loan has the larger total cost(closing costs+ the amount paid

Prn11+rnnt

Consider the following pair of mortgage loan options for a $165,000 mortgage. Which mortgage loan has the larger total cost(closing costs+ the amount paid for points+ total cost ofinterest)? By howmuch?

MortgageA: 15-year fixed at 12.25% with closing costs of $1400 and 1 point.

MortgageB: 15-year fixed at 11.25% with closing costs of $1400 and 4 points.

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