Question 1 (1 point) You purchase a new home for $250,000 and are acquiring a new 30 year loan. The bank requires a 20% down payment and charges a fee of 1.5 points. You decide to include the points in your loan. The interest rate is 5.5% APR compounded monthly. What is your monthly payment? O $1135.58 O $930.42 $604.83 O $1152.61 Save Question 2 (1 point) For the loan in Problem 1 how much interest will you pay over the life of the loan? O $211,940 O $408,808 O $411,940 $205,808 Save