Question Based on the following scenario, how much is the monthly savings when comparing a conventional loan with mortgage insurance to the equity line second mortgage option? Mark for Review The borrower plans to put 10% down on a sales price of $325,000. The first mortgage interest rate is 6 1/4% on a 30-year fixed-rate The second mortgage is 8 3/4% Use $270 for monthly taxes and $85 for monthly homeowner's insurance Choices: S89.87 S114.25 $71.18 $95.56 150% Question Based on the following scenario, how much is the monthly savings when comparing a conventional loan with mortgage insurance to the equity line second mortgage option? Mark for Review The borrower plans to put 10% down on a sales price of $325,000. The first mortgage interest rate is 6 1/4% on a 30-year fixed-rate The second mortgage is 8 3/4% Use $270 for monthly taxes and $85 for monthly homeowner's insurance Choices: S89.87 S114.25 $71.18 $95.56 150%