Suppose you want to buy a house that costs $$425,000.$ You have $$85,000$ dollars for a down payment. The bank is offering two different mortgage options.

Option A: $30-$year mortgage at $5\mathrm{.}0\%.$

Option B: $30-$year mortgage at $4\mathrm{.}5\%$ with two points. The cost of the points will be rolled into the mortgage.

Combute the monthly payments for mortgage option A$.($round to the nearest cent$)$

$

Combute the total cost of the home using mortgage option $A.($round to the nearest dollar$)$ $

Combute the monthly payments for mortgage option B$.($round to the nearest cent$)$

Combute the total cost of the home using mortgage option B$.($round to the nearest dollar$)$

Assuming all other factors are the same, which mortgage option should you choose?

Option A

Option B

There is no difference between the options

There is not enough information to say