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Prn11+rnnt consider the following pair of mortgage loan options for a $150,000 mortgage. which loan has the larger total cost (closing costs + the amount

Prn11+rnnt

consider the following pair of mortgage loan options for a $150,000 mortgage. which loan has the larger total cost (closing costs + the amount paid for points + total cost of interest)? by how much?

MortgageA: 20-year fixed at 7.25% with closing costs of $2600 and 1 point.

MortgageB: 20-year fixed at 6.75% with closing costs of $2600 and 2 points

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